EURUSD - Upward trend will continue, Long trade by market price recommended
January 21, 2021 12:23:28 PM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.2165)
+85 p
1.2225
Target 2
+60 p
1.2200
Target 1
1.2140
Entry
-65 p
1.2075
Stop Loss
About Author
Jacob Powell
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 58
Buy or Sell
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 activity of "fresh" sellers in a downtrend may indicate that the market expects the recovery of the bear trend. However, according to our analysis, this movement is corrective and we expect the price to go up
- MVP line is below the price and acts as a support level.
- Here we see an accumulation of sellers "locked" with a loss positions. We consider this zone as a support.
- 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 - 1.22
