Preferred direction: BUY
Comment: After a busy weekend, the market is coming to its senses. There was no downward gap in the euro due to the worsening geopolitical situation in the Middle East. Short-term bearish sentiment remains, but a potential recovery can be expected within this week.
Growth is expected towards the level of 1.08000. Two scenarios are considered, and the main one assumes growth after a slight update of the current local minimum (Scenario №1). A more aggressive seller scenario (Scenario №2) involves buying around the level of 1.05500.
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Comment: After a busy weekend, the market is coming to its senses. There was no downward gap in the euro due to the worsening geopolitical situation in the Middle East. Short-term bearish sentiment remains, but a potential recovery can be expected within this week.
Growth is expected towards the level of 1.08000. Two scenarios are considered, and the main one assumes growth after a slight update of the current local minimum (Scenario №1). A more aggressive seller scenario (Scenario №2) involves buying around the level of 1.05500.
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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Trade closed: target reached
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🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.