Preferred direction: SELL
Comment: Considering the medium-term outlook for this currency pair, we continue to adhere to the weekly review, and the strength of the seller is still great. However, in the short term, most likely, the euro and the main competitors of the American currency will strengthen. We outlined this scenario for EURUSD at the beginning of the week, according to which there is a possibility of updating local highs, approaching the level of 1.10000 and after which, most likely, there will be a fall towards the level of 1.08500.
Therefore, scenario №1 has a higher priority in the middle of this week.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Considering the medium-term outlook for this currency pair, we continue to adhere to the weekly review, and the strength of the seller is still great. However, in the short term, most likely, the euro and the main competitors of the American currency will strengthen. We outlined this scenario for EURUSD at the beginning of the week, according to which there is a possibility of updating local highs, approaching the level of 1.10000 and after which, most likely, there will be a fall towards the level of 1.08500.
Therefore, scenario №1 has a higher priority in the middle of this week.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for boost and share your views!
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