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

October 10, 2019 12:20:23 PM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.106)
12:18
12:18
Oct. 10, 2019

+65 p
1.1090
Target 1
1.1025
Entry
-70 p
1.0955
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade by market price recommended
  1. According to the Current Ratio indicator, the market crowd inclined to believe in a downward movement. We recommend Long trade for today.
  2. The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
  3. We are seeing an increase in Sell positions by market crowd, who are replenishing an already large number of "locked up" losing Sell positions.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.