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

June 10, 2019 12:11:52 PM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.128)
12:09
12:09
Jun. 10, 2019

+60 p
1.1340
Target 1
1.1280
Entry
-50 p
1.1230
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade by market price recommended
  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. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  3. The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  4. The resistance level formed by a large sellers cluster near the current price can hold the price and turn it upwards.