The market has stabilized, the first signs of an uptrend appeared
June 8, 2020 6:54:24 AM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.125)
+125 p
1.1375
Target 2
+80 p
1.1330
Target 1
1.1250
Entry
-75 p
1.1175
Stop Loss
About Author
Jacob Powell
Expert
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Chart & Analyst Comments
- 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.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- MVP line is below the price and acts as a support level.
- 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.
- 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.
