EURUSD - Upward trend will continue, Long trade by market price recommended
March 10, 2020 6:09:36 PM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.125)
+85 p
1.1405
Target 2
+65 p
1.1385
Target 1
1.1320
Entry
-70 p
1.1250
Stop Loss
About Author
Jacob Powell
Expert
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Total votes: 63
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
- We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
