EURUSD - Upward trend will continue, Long trade by market price recommended
November 19, 2020 7:05:30 AM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.1875)
+70 p
1.1920
Target 2
+50 p
1.1900
Target 1
1.1850
Entry
-55 p
1.1795
Stop Loss
About Author
Jacob Powell
Expert
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Total votes: 62
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Chart & Analyst Comments
- 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.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- MVP line is below the price and acts as a support level.
- 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
