EURUSD - Downward trend will continue, Short trade by market price recommended
March 23, 2020 8:17:06 AM
Forecast Details
PairEURUSD
Direction
Sell
StatusClosed (1.088)
-180 p
1.0880
Stop Loss
1.0700
Entry
+180 p
1.0520
Target 1
About Author
Patrick Yang
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 119
Buy or Sell
Chart & Analyst Comments
- The Current Ratio indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
- The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- MVP line is above the price and acts as a resistance level.
- The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.
