Strifor || EURUSD-Week Starting
Updated
Preferred direction: BUY
Comment: Based on the results of last week, it can be noted that the market remained at the same levels and there were no significant changes. However, at the same time, such dynamics showed the stability of the US dollar's competitors, which indicates a likely short-term strengthening of these instruments. And of course, the EURUSD currency pair is one of the most promising from this point of view.
Especially at the beginning of this week, the euro is seen strengthening towards the level of 1.90000. The most likely scenario №1, which can be found on the chart, indicates an increase to the maximum from current prices. This scenario is a higher priority, and it is better to enter with small stop losses and, if something happens, simply open a new deal. Scenario №2 is a plan B, but is extremely unpalatable for buyers.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Based on the results of last week, it can be noted that the market remained at the same levels and there were no significant changes. However, at the same time, such dynamics showed the stability of the US dollar's competitors, which indicates a likely short-term strengthening of these instruments. And of course, the EURUSD currency pair is one of the most promising from this point of view.
Especially at the beginning of this week, the euro is seen strengthening towards the level of 1.90000. The most likely scenario №1, which can be found on the chart, indicates an increase to the maximum from current prices. This scenario is a higher priority, and it is better to enter with small stop losses and, if something happens, simply open a new deal. Scenario №2 is a plan B, but is extremely unpalatable for buyers.
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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