The market has stabilized, the first signs of a downtrend appeared
August 26, 2019 2:18:19 PM
Forecast Details
PairEURUSD
Direction
Sell
StatusClosed (1.114)
-109 p
1.1250
Stop Loss
1.1140
Entry
+125 p
1.1015
Target 1
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- The Current Ratios indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- MVP line is above the price and acts as a resistance level.
- Here is the crucial stop loss level to serve as a goal for our Sell trade idea.