Preferred direction: BUY
Comment: The trading idea to go long on the euro, which we gave at the beginning of the week, remains relevant. At the moment, we have both scenarios activated, with special attention to scenario №2. The current week is not rich in economic events, which in turn allows the dollar to strengthen. We talked about this in previous trading ideas, but most likely, the US dollar will resume its correction in the near future. The target near the resistance area of 1.08000 remains.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The trading idea to go long on the euro, which we gave at the beginning of the week, remains relevant. At the moment, we have both scenarios activated, with special attention to scenario №2. The current week is not rich in economic events, which in turn allows the dollar to strengthen. We talked about this in previous trading ideas, but most likely, the US dollar will resume its correction in the near future. The target near the resistance area of 1.08000 remains.
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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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.