EURUSD - Downward trend will continue, Short trade by market price recommended
September 21, 2021 7:55:15 AM
Forecast Details
PairEURUSD
Direction
Sell
StatusClosed (1.1715)
-55 p
1.1780
Stop Loss
1.1725
Entry
+50 p
1.1675
Target 1
+70 p
1.1655
Target 2
About Author
Jacob Powell
Expert
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Total votes: 43
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Chart & Analyst Comments
- 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.
- The Delta of the Profit Ratio indicator exceeds the threshold value of 2%. A decrease of EURUSD price is expected.
- The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
- MVP line is above the price and acts as a resistance level.
- The first target is at the level of the previous bottom - 1.1675, and the second one, in case of an active price decrease, is at the level - 1.1655
