EN

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

Patrick Yang on FXSSI Patrick Yang Expert
main-sell-market-trend-1
Forecast Details
PairEURUSD
Publication Time7/8/19 11:05 AM
Direction Sell
Status Closed (1.1265)
Jul. 8, 2019
Jul. 15, 2019
Forecast
-100 p
1.1320
Stop Loss
1.1220
Entry
+100 p
1.1120
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  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 0.04113507270813s
t_/pages/forecast: 1x 0.037384986877441s
t_/common/header-new: 1x 0.02489709854126s
t_/common/head: 1x 0.020216941833496s
t_/common/footer-new: 1x 0.0038430690765381s
router_page: 1x 0.0019590854644775s
router: 1x 0.0010659694671631s
t_/popups/on-download: 1x 0.00063490867614746s
service-routes: 1x 0.00054097175598145s
t_/common/cookie-banner: 1x 0.00053501129150391s
t_/blocks/sidebar-afil: 1x 0.00028181076049805s
router_redirection: 1x 0.00024104118347168s
t_/popups/zoom: 1x 6.0081481933594E-5s
----- END OF DUMP (2024-07-27 06:40:07)  -----