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 0.034970998764038s
t_/pages/forecast: 1x 0.032450914382935s
t_/common/header-new: 1x 0.02055287361145s
t_/common/head: 1x 0.016951084136963s
t_/common/footer-new: 1x 0.004364013671875s
router_page: 1x 0.0012869834899902s
t_/popups/on-download: 1x 0.00087189674377441s
router: 1x 0.0006718635559082s
t_/common/cookie-banner: 1x 0.00041389465332031s
service-routes: 1x 0.00028610229492188s
t_/blocks/sidebar-afil: 1x 0.00017499923706055s
router_redirection: 1x 0.00014495849609375s
t_/popups/zoom: 1x 3.6954879760742E-5s
----- END OF DUMP (2024-12-21 18:41:12)  -----