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

July 1, 2019 1:01:33 PM by Patrick Yang
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.125)
Start
End
Jul. 1, 2019
Jul. 8, 2019

+104 p
1.1450
Target 1
1.1345
Entry
-95 p
1.1250
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 going only long at this time.
  2. The last upward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. Downward price movement is accompanied by reversal signals for Profit Ratio.
  4. Stop loss is properly taken out of the sellers cluster. If the price passes it, it is very likely to go on.