EURUSD - Upward trend will continue, Long trade by market price recommended

June 8, 2022 3:15:40 PM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.0655)
15:15
15:15
Jun. 8, 2022

+100 p
1.0835
Target 2
+75 p
1.0810
Target 1
1.0735
Entry
-80 p
1.0655
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  3. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. The first target is at the level of the previous peak - 1.081, and the second one, in case of an active price increase, is at the level - 1.0835
    index: 1x 0.035648822784424s
t_/pages/forecast: 1x 0.032213926315308s
t_/common/header-new: 1x 0.020011186599731s
t_/common/head: 1x 0.016972064971924s
t_/common/footer-new: 1x 0.0025780200958252s
router_page: 1x 0.0015170574188232s
router: 1x 0.00074601173400879s
t_/popups/on-download: 1x 0.00049996376037598s
service-routes: 1x 0.00029706954956055s
router_redirection: 1x 0.00013303756713867s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2022-11-30 04:32:11)  -----