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 (1.1250)
6:46
6:46
Jun. 8, 2020

+125 p
1.1375
Target 2
+80 p
1.1330
Target 1
1.1250
Entry
-75 p
1.1175
Stop Loss
Chart & Analyst Comments
main-buy-trend-2
  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.
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