Strifor || EURUSD-21/03/2024
Preferred direction: BUY
Comment: As we expected, the Fed nevertheless served as a catalyst for the start of a correction in the American currency. All long trades on the EURUSD currency pair are closed, but despite this, we continue to adhere to the buy priority.
At the moment, we also have two scenarios in our arsenal, where scenario №1 assumes maximum growth from the current price, and scenario №2 assumes a deeper correction before growth. The buyer is still strong, and the local highs are expected to update in the area of the 1.10000 level, where our current target is actually located.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Comment: As we expected, the Fed nevertheless served as a catalyst for the start of a correction in the American currency. All long trades on the EURUSD currency pair are closed, but despite this, we continue to adhere to the buy priority.
At the moment, we also have two scenarios in our arsenal, where scenario №1 assumes maximum growth from the current price, and scenario №2 assumes a deeper correction before growth. The buyer is still strong, and the local highs are expected to update in the area of the 1.10000 level, where our current target is actually located.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.