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

March 10, 2020 6:09:36 PM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.1250)
18:04
18:04
Mar. 10, 2020

+85 p
1.1405
Target 2
+65 p
1.1385
Target 1
1.1320
Entry
-70 p
1.1250
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  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. Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
  4. We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
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