The market has stabilized, the first signs of a downtrend appeared
May 15, 2020 5:31:47 AM
Forecast Details
PairEURUSD
Direction
Sell
StatusClosed (1.081)
-64 p
1.0890
Stop Loss
1.0825
Entry
+64 p
1.0760
Target 1
+115 p
1.0710
Target 2
About Author
Jacob Powell
Expert
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Total votes: 141
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Chart & Analyst Comments
- Majority of traders are still holding onto Longs. This means we should continue to Sell EURUSD.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- MVP line is above the price and acts as a resistance level.
- The first target is at the level of the previous bottom - 1.076, and the second one, in case of an active price decrease, is at the level - 1.071
