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
-54 p
1.0880
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade by market price recommended
  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.