Strifor || EURUSD-Week Starting

Preferred direction: BUY
Comment: After a busy weekend, the market is coming to its senses. There was no downward gap in the euro due to the worsening geopolitical situation in the Middle East. Short-term bearish sentiment remains, but a potential recovery can be expected within this week.

Growth is expected towards the level of 1.08000. Two scenarios are considered, and the main one assumes growth after a slight update of the current local minimum (Scenario №1). A more aggressive seller scenario (Scenario №2) involves buying around the level of 1.05500.

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