EURUSD - Upward trend will continue, Long trade by market price recommended

April 16, 2021 7:03:56 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.2020)
6:58
6:58
Apr. 16, 2021

+90 p
1.2050
Target 2
+60 p
1.2020
Target 1
1.1960
Entry
-60 p
1.1900
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. The number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
  3. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  4. MVP line is below the price and acts as a support level.
  5. The first target is at the level of the previous peak - 1.202, and the second one, in case of an active price increase, is at the level - 1.205
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