- 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.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
- MVP line is below the price and acts as a support level.
- Here is the crucial stop loss level to serve as a goal for our Buy trade idea.
Chart & Analyst Comments
