- 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
Chart & Analyst Comments
