Strifor || EURUSD-Week Starting
Updated
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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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.
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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Trade closed: target reached
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