EN

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 Time10/30/23 7:11 AM
Direction Sell
Status Closed (1.0625)
7:11
7:11
Oct. 30, 2023
Forecast
-60 p
1.0625
Stop Loss
1.0565
Entry
+55 p
1.0510
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

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. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous bottom. This is a good level for placing take profit according to our forecast.
    index: 1x 0.034878015518188s
t_/pages/forecast: 1x 0.032209873199463s
t_/common/header-new: 1x 0.021202087402344s
t_/common/head: 1x 0.017590045928955s
t_/common/footer-new: 1x 0.0027050971984863s
router_page: 1x 0.00136399269104s
router: 1x 0.00070381164550781s
t_/popups/on-download: 1x 0.00057411193847656s
t_/common/cookie-banner: 1x 0.00039196014404297s
service-routes: 1x 0.00031590461730957s
t_/blocks/sidebar-afil: 1x 0.00016903877258301s
router_redirection: 1x 0.00014996528625488s
t_/popups/zoom: 1x 3.1948089599609E-5s
----- END OF DUMP (2024-05-03 04:08:05)  -----