EURUSD - Downward trend will continue, Short trade by market price recommended
May 11, 2020 7:35:45 PM
Forecast Details
PairEURUSD
Direction
Sell
StatusClosed (1.0865)
-55 p
1.0865
Stop Loss
1.0810
Entry
+55 p
1.0755
Target 1
+85 p
1.0725
Target 2
About Author
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 0
Buy or Sell
Chart & Analyst Comments

- 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.
- There is an increase in the number of bulls on the upward movement, followed by correction. We consider this movement as a trap for buyers and look forward for a continuation of the downtrend.
- The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
- MVP line is above the price and acts as a resistance level.
- The first target is at the level of the previous bottom - 1.0755, and the second one, in case of an active price decrease, is at the level - 1.0725