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

May 19, 2020 3:13:51 PM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.0984)
15:12
15:12
May 19, 2020

+65 p
1.1000
Target 1
1.0935
Entry
-55 p
1.0880
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  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. MVP line is below the price and acts as a support level.
  4. We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
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