EURUSD - Upward trend will continue, Long trade by market price recommended
September 18, 2019 6:48:32 AM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.106)
+50 p
1.1110
Target 1
1.1060
Entry
-50 p
1.1010
Stop Loss
About Author
Jacob Powell
Expert
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Total votes: 0
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Chart & Analyst Comments
- The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
- 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.
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- We are focused on the breakdown of the previous peak, the target at the level of 1.111.
