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EURUSD - Downward trend will continue, Short trade by market price recommended

June 17, 2019 3:59:08 PM by Patrick Yang
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.1385)
Start
End
Jun. 17, 2019
Jun. 24, 2019

-150 p
1.1385
Stop Loss
1.1235
Entry
+145 p
1.1090
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. The decrease in the sellers volume, together with the increase in the buyers volume, confirms the need to Sell according to our trading idea.
  3. MVP line is above the price and acts as a resistance level.
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