Preferred direction: BUY
Comment: The week on the market is expected to be hot, with a number of important news awaiting us, namely the decisions of a number of leading central banks on interest rates. This week we stick more to the buy priority, but most likely this week will be predominantly in favor of the seller. It is expected that growth in the euro can begin in the second half of the week. The dollar is expected to weaken across all major instruments in the medium term.
Two scenarios are indicated in the graph. Scenario №1 is more likely. In both cases, a reversal is expected within the area of 1.08000 - 1.08500. The common goal is at the level of 1.09500.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The week on the market is expected to be hot, with a number of important news awaiting us, namely the decisions of a number of leading central banks on interest rates. This week we stick more to the buy priority, but most likely this week will be predominantly in favor of the seller. It is expected that growth in the euro can begin in the second half of the week. The dollar is expected to weaken across all major instruments in the medium term.
Two scenarios are indicated in the graph. Scenario №1 is more likely. In both cases, a reversal is expected within the area of 1.08000 - 1.08500. The common goal is at the level of 1.09500.
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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