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

August 28, 2019 5:57:46 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.1085)
5:53
5:53
Aug. 28, 2019

-60 p
1.1145
Stop Loss
1.1085
Entry
+64 p
1.1020
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 going only short at this time.
  2. The Ratios indicator demonstrates a market shift towards buyers. Their increase while the upward movement may indicate a successfully triggered trap. Possible price reversal down.
  3. The Profit Ratio indicator is not responding to a downward movement, this means that the movement is valid.
  4. MVP line is above the price and acts as a resistance level.