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

June 21, 2019 6:28:19 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.133)
6:25
6:25
Jun. 21, 2019

+74 p
1.1360
Target 2
+44 p
1.1330
Target 1
1.1285
Entry
-40 p
1.1245
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade by market price recommended
  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 going only long at this time.
  2. The indicator shows a slight increase in sellers. This suggests that the market crowd responded to this level.
  3. The Profit Ratio indicator doesn't react on upward movement. This means that the movement is not fake.
  4. We see a cluster of stop losses and stop orders right at the level of the previous peak. This is a good level for placing our take profit according to our forecast.