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

Jacob Powell on FXSSI Jacob Powell Expert
main-buy-market-trend-1
Forecast Details
PairEURUSD
Publication Time7/19/24 8:30 AM
Direction Buy
Status Closed (1.0880)
8:30
8:30
Jul. 19, 2024
Forecast
+45 p
1.0925
Target 1
1.0880
Entry
-45 p
1.0835
Stop Loss
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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 increase in sellers is observed both in the upward movement and in the retracement movements. Retail traders still believe in the possibility of price decrease.
  3. MVP line is below the price and acts as a support level.
  4. The SLC indicator displays the levels where there are Stop Losses acting as targets for our trading idea.
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