Strifor || EURUSD-07/31/2023

Preferred direction: SELL
Comment: The last trading idea in euro long has fully worked out, and it will be risky to continue holding long to 1.11221, as we noted earlier. Here, one can use partial fixation and transfer to breakeven, who is directly confident in the further upward movement. Now the optimal solution would be to take a break, since the instrument is most likely to head towards support 1.09623 for a re-test. Despite the medium-term hints of buyers in growth, this week may pass as part of the price movement towards support.

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