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

Jacob Powell on FXSSI Jacob Powell Expert
main-sell-market-trend-1
Forecast Details
PairEURUSD
Publication Time6/28/24 9:25 AM
Direction Sell
Status Closed (1.0720)
9:25
9:25
Jun. 28, 2024
Forecast
-25 p
1.0720
Stop Loss
1.0695
Entry
+25 p
1.0670
Target 1
+40 p
1.0655
Target 2
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Chart & Analyst Comments

main-sell-market-trend-1
  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. MVP line is above the price and acts as a resistance level.
  3. The trade is aimed at the previous low breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 1.067
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