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
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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.