EURUSD - Downward trend will continue, Short trade by market price recommended

June 19, 2019 6:32:36 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.1245)
6:31
6:31
Jun. 19, 2019

-50 p
1.1245
Stop Loss
1.1195
Entry
+49 p
1.1145
Target 1
Chart & Analyst Comments
EURUSD - Downward trend will continue, Short trade by market price recommended

For today's forecast, we recommend a sell order at the current market price. This idea is based on the following analysis:

  1. According to the most brokers’ data, more than half of the traders are currently in long positions on EURUSD. As a result, we recommend considering going only short at this time.
  2. The Profit Ratio indicator is not responding to a downward movement, this means that the movement is valid.
  3. MVP line is above the price and acts as a resistance level.