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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Total votes: 179
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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 going only long at this time.
- Analyzing the ratio of positions, we see that most traders are currently in sales, which is also combined with the original idea.
- We see a cluster of loss sellers below the current price. This cluster can act as a support.