EN

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 Time10/15/24 7:12 AM
Direction Sell
Status Closed (1.0885)
7:12
7:12
Oct. 15, 2024
Forecast
-50 p
1.0940
Stop Loss
1.0890
Entry
+45 p
1.0845
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on EURUSD. As a result, we recommend considering only Short trades at this time.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  4. The risk-to-profit ratio allows us to set Take Profit for a Short trade at 1.0845
    index: 1x 0.027415037155151s
t_/pages/forecast: 1x 0.024951219558716s
t_/common/header-new: 1x 0.015896081924438s
t_/common/head: 1x 0.012814998626709s
t_/common/footer-new: 1x 0.0023300647735596s
router_page: 1x 0.00090408325195312s
router: 1x 0.00057196617126465s
t_/popups/on-download: 1x 0.00050592422485352s
t_/common/cookie-banner: 1x 0.00040006637573242s
service-routes: 1x 0.0002291202545166s
t_/blocks/sidebar-afil: 1x 0.00013303756713867s
router_redirection: 1x 0.00011801719665527s
t_/popups/zoom: 1x 3.2901763916016E-5s
----- END OF DUMP (2025-11-15 09:22:11)  -----