EURUSD - Upward trend will continue, Long trade by market price recommended

June 25, 2019 10:15:37 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.136)
10:13
10:13
Jun. 25, 2019

+70 p
1.1450
Target 2
+40 p
1.1420
Target 1
1.1380
Entry
-40 p
1.1340
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade by market price recommended

Take a medium-term buy trade using a Market Order. The trend will likely breakthrough the next resistance level.

  1. The Current Ratios indicator have reached critical value, too many traders expect a downward movement. In this case, we recommend standing aside with short trades. Long trades only.
  2. The last upward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  4. We see a cluster of stop losses and stop orders right at the level of the previous peak. This is a good level for placing our take profit according to our forecast.