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EURUSD - Downward trend will continue, Short trade by market price recommended

Jacob Powell on FXSSI Jacob Powell Expert
main-sell-market-trend-1
Forecast Details
PairEURUSD
Publication Time11/13/24 8:00 AM
Direction Sell
Status Closed (1.0640)
8:00
8:00
Nov. 13, 2024
Forecast
-35 p
1.0640
Stop Loss
1.0605
Entry
+35 p
1.0570
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  3. The SLC indicator displays a cluster of Stop Losses and Stop orders straight at the previous low level, which according to our forecast, is good for placing Take Profit.
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