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

March 23, 2020 8:17:06 AM by Patrick Yang
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.088)
Start
End
Mar. 23, 2020
Mar. 30, 2020

-180 p
1.0880
Stop Loss
1.0700
Entry
+180 p
1.0520
Target 1
Chart & Analyst Comments
EURUSD - Downward trend will continue, Short trade by market price recommended
  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.