Black Friday Deal Black Friday Offer: Get a Lifetime Plan With 70% Discount! See Pricing Only till NOV, 28

EURUSD - Downward trend will continue, Short trade by market price recommended

July 8, 2019 11:05:35 AM by Patrick Yang
Forecast Details
Direction Sell
StatusClosed (1.1265)
Jul. 8, 2019
Jul. 15, 2019

-100 p
Stop Loss
+100 p
Target 1
Chart & Analyst Comments
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on EURUSD. As a result, we recommend considering only Short trades at this time.
  2. We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
  3. The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.
    index: 1x 0.033957004547119s
t_/pages/forecast: 1x 0.030747890472412s
t_/common/header-new: 1x 0.020136833190918s
t_/common/head: 1x 0.016203165054321s
t_/common/footer-new: 1x 0.0024750232696533s
router_page: 1x 0.0015990734100342s
router: 1x 0.00077486038208008s
t_/popups/on-download: 1x 0.00050806999206543s
service-routes: 1x 0.00030303001403809s
router_redirection: 1x 0.0001368522644043s
t_/popups/zoom: 1x 3.1948089599609E-5s
----- END OF DUMP (2022-11-26 20:06:11)  -----