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

August 27, 2020 6:53:58 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.1885)
6:52
6:52
Aug. 27, 2020

+90 p
1.1920
Target 2
+55 p
1.1885
Target 1
1.1830
Entry
-65 p
1.1765
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  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
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