EURUSD - Upward trend will continue, Long trade by market price recommended
May 19, 2020 3:13:51 PM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.0984)
+65 p
1.1000
Target 1
1.0935
Entry
-55 p
1.0880
Stop Loss
About Author
Jacob Powell
Expert
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Chart & Analyst Comments
- The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
- 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.
- MVP line is below the price and acts as a support level.
- We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
