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

July 1, 2019 1:01:33 PM by Patrick Yang
Forecast Details
Direction Buy
StatusClosed (1.1250)
Jul. 1, 2019
Jul. 8, 2019

+105 p
Target 1
-95 p
Stop Loss
Chart & Analyst Comments
  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.
    index: 1x 0.036425113677979s
t_/pages/forecast: 1x 0.032749176025391s
t_/common/header-new: 1x 0.019497156143188s
t_/common/head: 1x 0.016026020050049s
t_/common/footer-new: 1x 0.0024421215057373s
router_page: 1x 0.0015630722045898s
router: 1x 0.00084304809570312s
t_/popups/on-download: 1x 0.00049090385437012s
service-routes: 1x 0.00033402442932129s
router_redirection: 1x 0.00013399124145508s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2023-02-02 15:13:02)  -----