Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

The market has stabilized, the first signs of a downtrend appeared

May 15, 2020 5:31:47 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.0810)
5:30
5:30
May 15, 2020

-65 p
1.0890
Stop Loss
1.0825
Entry
+65 p
1.0760
Target 1
+115 p
1.0710
Target 2
Chart & Analyst Comments
main-sell-trend-2
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell EURUSD.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  4. MVP line is above the price and acts as a resistance level.
  5. 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
    index: 1x 0.036144971847534s
t_/pages/forecast: 1x 0.033404111862183s
t_/common/header-new: 1x 0.021028995513916s
t_/common/head: 1x 0.017443895339966s
t_/common/footer-new: 1x 0.0027260780334473s
router_page: 1x 0.0014281272888184s
router: 1x 0.00071191787719727s
t_/popups/on-download: 1x 0.00054597854614258s
service-routes: 1x 0.00027203559875488s
router_redirection: 1x 0.00012803077697754s
t_/popups/zoom: 1x 1.6212463378906E-5s
----- END OF DUMP (2022-08-08 20:35:08)  -----