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 0.04603385925293s
t_/pages/forecast: 1x 0.042305946350098s
t_/common/header-new: 1x 0.028800010681152s
t_/common/head: 1x 0.022059917449951s
t_/common/footer-new: 1x 0.0038528442382812s
router_page: 1x 0.0014810562133789s
router: 1x 0.0008690357208252s
t_/popups/on-download: 1x 0.00081801414489746s
t_/common/cookie-banner: 1x 0.00053000450134277s
service-routes: 1x 0.00034189224243164s
t_/blocks/sidebar-afil: 1x 0.00031113624572754s
router_redirection: 1x 0.00020384788513184s
t_/popups/zoom: 1x 2.1934509277344E-5s
----- END OF DUMP (2025-05-23 17:58:05)  -----