EN

EURUSD - Downward trend will continue, Short trade by market price recommended

Jacob Powell on FXSSI Jacob Powell Expert
main-sell-market-trend-1
Forecast Details
PairEURUSD
Publication Time6/21/24 8:27 AM
Direction Sell
Status Closed (1.0680)
8:27
8:27
Jun. 21, 2024
Forecast
-80 p
1.0760
Stop Loss
1.0680
Entry
+80 p
1.0600
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on EURUSD. As a result, we recommend considering only Short trades at this time.
  2. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
  3. MVP line is above the price and acts as a resistance level.
  4. Set Take Profit at the local low, beyond which there is a cluster of orders.
    index: 1x 0.055548191070557s
t_/pages/forecast: 1x 0.051627159118652s
t_/common/header-new: 1x 0.033298969268799s
t_/common/head: 1x 0.027356863021851s
t_/common/footer-new: 1x 0.0051510334014893s
router_page: 1x 0.0021140575408936s
t_/popups/on-download: 1x 0.0011081695556641s
router: 1x 0.0010030269622803s
t_/common/cookie-banner: 1x 0.00073409080505371s
service-routes: 1x 0.0003960132598877s
t_/blocks/sidebar-afil: 1x 0.00031685829162598s
router_redirection: 1x 0.00020098686218262s
t_/popups/zoom: 1x 6.4849853515625E-5s
----- END OF DUMP (2024-10-18 04:23:10)  -----