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

September 21, 2021 7:55:15 AM by Jacob Powell
Forecast Details
Direction Sell
StatusClosed (1.1715)
Sep. 21, 2021

-55 p
Stop Loss
+50 p
Target 1
+70 p
Target 2
Chart & Analyst Comments
  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. The Delta of the Profit Ratio indicator exceeds the threshold value of 2%. A decrease of EURUSD price is expected.
  3. 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.
  4. MVP line is above the price and acts as a resistance level.
  5. 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
    index: 1x 0.03856897354126s
t_/pages/forecast: 1x 0.0351881980896s
t_/common/header-new: 1x 0.023204803466797s
t_/common/head: 1x 0.019036054611206s
t_/common/footer-new: 1x 0.0025670528411865s
router_page: 1x 0.0018107891082764s
router: 1x 0.00082993507385254s
t_/popups/on-download: 1x 0.00051379203796387s
service-routes: 1x 0.00034904479980469s
router_redirection: 1x 0.00014805793762207s
t_/popups/zoom: 1x 3.814697265625E-5s
----- END OF DUMP (2023-01-31 10:45:01)  -----