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

June 26, 2019 10:32:26 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.138)
10:29
10:29
Jun. 26, 2019

+64 p
1.1430
Target 1
1.1365
Entry
-70 p
1.1295
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade by market price recommended

In this forecast, we recommend that you open a Buy Order at this recommended market price 1.1365}. This idea is based on the following analysis:

  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. Downward price movement is accompanied by reversal signals for Profit Ratio.
  3. The activity of "fresh" sellers in a downward movement may indicate that the market expects a bearish trend to continue. However, according to our analysis, this movement is corrective and we expect a price hike to the top.