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

May 13, 2019 6:03:01 AM by Patrick Yang
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.116)
Start
End
May 13, 2019
May 20, 2019

+120 p
1.1350
Target 1
1.1230
Entry
-120 p
1.1110
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade by market price recommended
  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 going only long at this time.
  2. Analyzing the ratio of positions, we see that most traders are currently in sales, which is also combined with the original idea.
  3. We see a cluster of loss sellers below the current price. This cluster can act as a support.