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 (1.1195)
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 only Long trades at this time.
  2. The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  3. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  4. We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.