EURUSD - Downward trend will continue, Short trade by market price recommended

July 10, 2019 11:23:46 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.1265)
11:22
11:22
Jul. 10, 2019

-50 p
1.1265
Stop Loss
1.1215
Entry
+44 p
1.1170
Target 1
Chart & Analyst Comments
EURUSD - Downward trend will continue, Short trade by market price recommended
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on EURUSD. As a result, we recommend considering only Short trades at this time.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. Visually assessing the ratio of buyers and sellers, we see that retail buyers dominate on the market. This fact favors the Short Orders.