Preferred direction: BUY
Comment: At the beginning of the week, the euro remains on the buy sheet, but the growth looks rather limited compared to the previous week. For the coming week, we are considering growth no higher than the level of 1.08500. As always, we highlight two scenarios for this currency pair.
The most likely scenario №1 involves an increase from current prices, since technically all the factors for this are there. But in the event of a rollback to the level of 1.07225, the buy trade remains valid for the same purpose (scenario №2). It would be best not to push the target too hard towards the level of 1.08500, but to fix the buy-position earlier.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: At the beginning of the week, the euro remains on the buy sheet, but the growth looks rather limited compared to the previous week. For the coming week, we are considering growth no higher than the level of 1.08500. As always, we highlight two scenarios for this currency pair.
The most likely scenario №1 involves an increase from current prices, since technically all the factors for this are there. But in the event of a rollback to the level of 1.07225, the buy trade remains valid for the same purpose (scenario №2). It would be best not to push the target too hard towards the level of 1.08500, but to fix the buy-position earlier.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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