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

Jacob Powell on FXSSI Jacob Powell Expert
main-buy-market-trend-1
Forecast Details
PairEURUSD
Publication Time11/14/22 3:56 PM
Direction Buy
Status Closed (1.0400)
15:56
15:56
Nov. 14, 2022
Forecast
+70 p
1.0400
Target 1
1.0330
Entry
-65 p
1.0265
Stop Loss
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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. Market sentiment provides mixed data, but the key brokers signals for Buy order.
  3. MVP line is below the price and acts as a support level.
  4. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
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