The market has stabilized, the first signs of an uptrend appeared

June 8, 2020 6:54:24 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.125)
6:46
6:46
Jun. 8, 2020

+124 p
1.1375
Target 2
+80 p
1.1330
Target 1
1.1250
Entry
-75 p
1.1175
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on EURUSD. As a result, we recommend considering only Long trades at this time.
  2. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. MVP line is below the price and acts as a support level.
  4. These buyers' stop loss will most likely be triggered before the upward movement. From this level you should Buy. In our case, we have set a Buy Limit order.
  5. The rise in price will be accompanied by triggering of the market crowd’s Stop Losses, which in turn will serve as a “fuel” for the upward movement.