EURUSD - Upward trend will continue, Long trade by market price recommended
July 1, 2019 1:01:33 PM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.125)
+104 p
1.1450
Target 1
1.1345
Entry
-95 p
1.1250
Stop Loss
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- 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 last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.