EURUSD - Downward trend will continue, Short trade by market price recommended
August 28, 2019 5:57:46 AM
Forecast Details
PairEURUSD
Direction
Sell
StatusClosed (1.1085)
-60 p
1.1145
Stop Loss
1.1085
Entry
+64 p
1.1020
Target 1
About Author
Jacob Powell
Expert
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Total votes: 127
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Chart & Analyst Comments
- 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.
- 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.
- The Profit Ratio indicator is not responding to a downward movement, this means that the movement is valid.
- MVP line is above the price and acts as a resistance level.