EURUSD - Upward trend will continue, Long trade by market price recommended
May 27, 2019 11:36:51 AM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.1195)
+104 p
1.1300
Target 1
1.1195
Entry
-94 p
1.1100
Stop Loss
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- 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.
- 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.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.