Strifor || EURUSD-Week Starting
Updated
Preferred direction: BUY
Comment: Despite the significant strengthening of the US dollar, we will be more buy-first in the coming weeks. The prospect of a purchase is planned within 1–2 weeks, that is, we are dealing with a medium-term trade.
At the beginning of the week, we highlight two scenarios, where scenario №1 assumes a slight update of the local minimum before growth towards the level of 1.09500, and scenario №2 - a deeper fall before the same growth, below 1.07500. We also note the level of 1.10000 as a potential second target.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Despite the significant strengthening of the US dollar, we will be more buy-first in the coming weeks. The prospect of a purchase is planned within 1–2 weeks, that is, we are dealing with a medium-term trade.
At the beginning of the week, we highlight two scenarios, where scenario №1 assumes a slight update of the local minimum before growth towards the level of 1.09500, and scenario №2 - a deeper fall before the same growth, below 1.07500. We also note the level of 1.10000 as a potential second target.
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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