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 only Long trades at this time.
  2. Analyzing the positions ratio, we see that most traders are currently in Shorts, which also combines with the original idea.
  3. We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.