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

July 25, 2019 6:23:22 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.1135)
6:22
6:22
Jul. 25, 2019

-55 p
1.1190
Stop Loss
1.1135
Entry
+55 p
1.1080
Target 1
Chart & Analyst Comments
EURUSD - Downward trend will continue, Short trade by market price recommended
  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 Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  3. MVP line is above the price and acts as a resistance level.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  5. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.