EURUSD - Upward trend will continue, Long trade by market price recommended
May 13, 2019 6:03:01 AM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.116)
+120 p
1.1350
Target 1
1.1230
Entry
-120 p
1.1110
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.
- Analyzing the positions ratio, we see that most traders are currently in Shorts, which also combines with the original idea.
- We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.