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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 (1.1250)
Start
End
Jul. 1, 2019
Jul. 8, 2019

+105 p
1.1450
Target 1
1.1345
Entry
-95 p
1.1250
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 last downward 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 of Profit Ratio indicator.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
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