Preferred direction: BUY
Comment: Visually, the technical situations for the euro and pound look as similar as possible to each other. Here, too, the buy-priority remains, and the nearest target for this week is located at the level of 1.27000. The growth potential is even higher, but setting a target above the level of 1.28000 would be a rather aggressive setting.
We have indicated the most likely price movement within scenario №1 on the chart. A less likely scenario №2 involves a preliminary re-testing of the support area at the level of 1.26000.
Additional comments on this trade will be provided as situation changes. Follow us!
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