EURUSD - Downward trend will continue, Short trade by market price recommended
10. Juli 2019 11:23:46
Forecast Details
PairEURUSD
Direction
Verkauf
StatusClosed (1.1265)
-50 p
1.1265
Stop Loss
1.1215
Entry
+44 p
1.1170
Target 1
About Author
Jacob Powell
Expert
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Total votes: 152
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Chart & Analyst Comments
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- According to the most brokers’ data, more than half of the traders are currently in long positions on EURUSD. As a result, we recommend considering going only short at this time.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- Visually assessing the ratio of buyers and sellers, we see that retail buyers dominate on the market. This fact swings trades in favor of sell orders.