- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- The number of profitable sellers has exceeded 75%. The downtrend is in its active phase. This confirms potential for a Short trade.
- The idea of this Sell forecast is based on a long-term downtrend, which is confirmed by the MVP indicator dynamics.
- The first target is at the level of the previous bottom - 1.198, and the second one, in case of an active price decrease, is at the level - 1.195
Chart & Analyst Comments
![main-sell-market-trend-1](https://fxssi.com/images/forecasts/forecast-70f59211696b3f9ba38647e069b3671c.png)