Preferred direction: SELL
Comment: As we said earlier, most likely 2024 will begin with a strengthening of the US dollar. For this currency pair, we also now fully adhere to sell-priority.
During this week, the support at 1.09000 is expected to break through and further fall towards the level of 1.08000. Technical analysis supports this idea, and volumes indicate the presence of a limit seller, so the priority is to adhere to the seller’s direction.
The second scenario cannot be ruled out either, but this false maneuver is very unlikely.
Thank you for like and share your views!
Comment: As we said earlier, most likely 2024 will begin with a strengthening of the US dollar. For this currency pair, we also now fully adhere to sell-priority.
During this week, the support at 1.09000 is expected to break through and further fall towards the level of 1.08000. Technical analysis supports this idea, and volumes indicate the presence of a limit seller, so the priority is to adhere to the seller’s direction.
The second scenario cannot be ruled out either, but this false maneuver is very unlikely.
Thank you for like and share your views!
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