Strifor || EURUSD-Week Starting
Updated
Preferred direction: BUY
Comment: The previous week passed without particularly important economic events, against the background of which we did not observe much volatility in the market or changes. Thus, the prospects for growth against the US dollar at the beginning of this week remain.
It is not too late for euro buyers to open a trade, if this has not been done earlier. The most likely option is to grow from current prices, since a rebound from the level of 1.07225 allows this to happen (scenario №1). Scenario №2 is an alternative, but also in favor of the buyer. We fix the growth target at the level of 1.08500.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The previous week passed without particularly important economic events, against the background of which we did not observe much volatility in the market or changes. Thus, the prospects for growth against the US dollar at the beginning of this week remain.
It is not too late for euro buyers to open a trade, if this has not been done earlier. The most likely option is to grow from current prices, since a rebound from the level of 1.07225 allows this to happen (scenario №1). Scenario №2 is an alternative, but also in favor of the buyer. We fix the growth target at the level of 1.08500.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Trade active
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Trade closed: target reached
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