Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

August 27, 2020 6:53:58 AM by Jacob Powell
Forecast Details
Direction Buy
StatusClosed (1.1885)
Aug. 27, 2020

+90 p
Target 2
+55 p
Target 1
-65 p
Stop Loss
Chart & Analyst Comments
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on EURUSD. As a result, we recommend considering only Long trades at this time.
  2. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. MVP line is below the price and acts as a support level.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. The trade is aimed at the previous high breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 1.1885
    index: 1x 0.051060199737549s
t_/pages/forecast: 1x 0.045794010162354s
t_/common/header-new: 1x 0.02853798866272s
t_/common/head: 1x 0.023256063461304s
t_/common/footer-new: 1x 0.0039489269256592s
router_page: 1x 0.0033638477325439s
router: 1x 0.0010590553283691s
t_/popups/on-download: 1x 0.00067901611328125s
service-routes: 1x 0.00042200088500977s
router_redirection: 1x 0.00019502639770508s
t_/popups/zoom: 1x 7.2002410888672E-5s
----- END OF DUMP (2022-08-11 08:07:08)  -----