Preferred direction: SELL
Comment: According to the results of yesterday's trading, the British pound fixed the target that we gave at the beginning of the week. At the moment, in the medium term, we are also looking down, which we noted in today’s trading ideas for the euro. Just like for the euro, the pound is expected to update its maximum at the level of 1.29000, and after that, most likely, shorts can be considered. Therefore, scenario №1 is a priority, more conservative and more profitable.
If the price falls and closes at the level of 1.27500, with a high degree of probability, the currency pair will continue to fall towards the level of 1.26500.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: According to the results of yesterday's trading, the British pound fixed the target that we gave at the beginning of the week. At the moment, in the medium term, we are also looking down, which we noted in today’s trading ideas for the euro. Just like for the euro, the pound is expected to update its maximum at the level of 1.29000, and after that, most likely, shorts can be considered. Therefore, scenario №1 is a priority, more conservative and more profitable.
If the price falls and closes at the level of 1.27500, with a high degree of probability, the currency pair will continue to fall towards the level of 1.26500.
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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