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

May 28, 2020 5:28:47 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.106)
5:25
5:25
May 28, 2020

+50 p
1.1060
Target 1
1.1010
Entry
-44 p
1.0965
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade by market price recommended
  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.