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

September 18, 2019 6:48:32 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.1060)
6:47
6:47
Sep. 18, 2019

+50 p
1.1110
Target 1
1.1060
Entry
-50 p
1.1010
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
  2. We see a sharp increase in sell orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting an upward movement.
  3. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  4. We are focused on the breakdown of the previous peak, the target at the level of 1.111.
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