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

May 28, 2020 5:28:47 AM by Jacob Powell
Forecast Details
Direction Buy
StatusClosed (1.1060)
May 28, 2020

+50 p
Target 1
-45 p
Stop Loss
Chart & Analyst Comments
  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. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
  4. MVP line is below the price and acts as a support level.
  5. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.
    index: 1x 0.035926818847656s
t_/pages/forecast: 1x 0.032835960388184s
t_/common/header-new: 1x 0.021328210830688s
t_/common/head: 1x 0.01767897605896s
t_/common/footer-new: 1x 0.0026190280914307s
router_page: 1x 0.0016689300537109s
router: 1x 0.00077199935913086s
t_/popups/on-download: 1x 0.00051307678222656s
service-routes: 1x 0.0003049373626709s
router_redirection: 1x 0.00013303756713867s
t_/popups/zoom: 1x 3.504753112793E-5s
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