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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 Time12/23/24 9:04 AM
Direction Sell
Status Closed (1.0395)
9:04
9:04
Dec. 23, 2024
Forecast
-90 p
1.0505
Stop Loss
1.0415
Entry
+75 p
1.0340
Target 1
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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. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
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