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

November 19, 2020 7:05:30 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.1875)
7:01
7:01
Nov. 19, 2020

+70 p
1.1920
Target 2
+50 p
1.1900
Target 1
1.1850
Entry
-55 p
1.1795
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on EURUSD. As a result, we recommend considering only Long trades at this time.
  2. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. MVP line is below the price and acts as a support level.
  4. The trade is aimed at the previous high breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 1.19
    index: 1x 0.047105073928833s
t_/pages/forecast: 1x 0.042559862136841s
t_/common/header-new: 1x 0.031154155731201s
t_/common/head: 1x 0.025882005691528s
t_/common/footer-new: 1x 0.0025091171264648s
router_page: 1x 0.0020010471343994s
router: 1x 0.0012071132659912s
t_/popups/on-download: 1x 0.00049901008605957s
service-routes: 1x 0.0004889965057373s
router_redirection: 1x 0.00021600723266602s
t_/popups/zoom: 1x 3.0994415283203E-5s
----- END OF DUMP (2023-01-27 07:24:01)  -----