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

March 23, 2020 8:17:06 AM by Patrick Yang
Forecast Details
Direction Sell
StatusClosed (1.0880)
Mar. 23, 2020
Mar. 30, 2020

-180 p
Stop Loss
+180 p
Target 1
Chart & Analyst Comments
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
  2. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  3. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  4. MVP line is above the price and acts as a resistance level.
  5. 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.
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