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

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

-60 p
Stop Loss
+65 p
Target 1
Chart & Analyst Comments
  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 only Short trades 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 downward reversal.
  3. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  4. MVP line is above the price and acts as a resistance level.
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