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 (1.106)
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
EURUSD - Upward trend will continue, Long trade by market price recommended
  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.