The EURUSD pair is getting hammered by too many shorts by retail traders; in fact, 70% of retail traders are shorting EURUSD.
According to the crowd theory : (the crowd is always wrong)
And powered by the rising money flow to the EUR we conclude that the price will go up a bit (60-100 pips)
The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
Entry: 1.1320
TP1: 1.1385
TP2: 1.1405
SL: 1.1250
According to the crowd theory : (the crowd is always wrong)
And powered by the rising money flow to the EUR we conclude that the price will go up a bit (60-100 pips)
The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
Entry: 1.1320
TP1: 1.1385
TP2: 1.1405
SL: 1.1250