EURUSD - Upward trend will continue, Long trade by market price recommended

May 27, 2019 11:36:51 AM by Patrick Yang
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.1187)
Start
End
May 27, 2019
Jun. 3, 2019

+104 p
1.1300
Target 1
1.1195
Entry
-94 p
1.1100
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade by market price recommended
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on EURUSD. As a result, we recommend considering going only long at this time.
  2. The Ratios indicator demonstrates a change in the ratio of players in the market towards buyers. Their increase while the trend is still going downwards may indicate the activity of averaging traders. This can only serve as "fuel" for further downtrend.
  3. The activity of "fresh" sellers in an uptrend may indicate that the market crowd still does not believe in a bullish trend.
  4. We see a cluster of loss sellers below the current price. This cluster can act as a support.