- 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
Chart & Analyst Comments
