Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

May 31, 2021 8:40:14 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.2230)
8:35
8:35
May 31, 2021

+90 p
1.2280
Target 2
+70 p
1.2260
Target 1
1.2190
Entry
-65 p
1.2125
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  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 number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
  3. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  4. MVP line is below the price and acts as a support level.
  5. The first target is at the level of the previous peak - 1.226, and the second one, in case of an active price increase, is at the level - 1.228
    index: 1x 0.037362813949585s
t_/pages/forecast: 1x 0.03281307220459s
t_/common/header-new: 1x 0.020262956619263s
t_/common/head: 1x 0.016602993011475s
t_/common/footer-new: 1x 0.0034019947052002s
router_page: 1x 0.0018939971923828s
router: 1x 0.0010900497436523s
t_/popups/on-download: 1x 0.00054001808166504s
service-routes: 1x 0.00043487548828125s
router_redirection: 1x 0.00021004676818848s
t_/popups/zoom: 1x 6.0081481933594E-5s
----- END OF DUMP (2022-08-08 07:18:08)  -----