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

February 21, 2022 8:06:29 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.1320)
8:03
8:03
Feb. 21, 2022

+75 p
1.1450
Target 2
+50 p
1.1425
Target 1
1.1375
Entry
-55 p
1.1320
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. Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
  3. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  4. The first target is at the level of the previous peak - 1.1425, and the second one, in case of an active price increase, is at the level - 1.145
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