Preferred direction: BUY
Comment: In the middle of the trading week, we continue to adhere to the buy-priority for the euro. However, there are some notes. Previous long trades were closed manually. Let us recall that previously we adhered to scenario №2, where the long was near the 1.08000 level area.
There are two busy days ahead for economic indicators, especially Thursday. So far, the more medium-term picture is in favor of the buyer, but the medium-term picture is in favor of the seller. According to scenario №1, one can wait for the formation of the entry point for a long position at the level of 1.08000. Scenario №2 involves gaining a position slightly above the level of 1.07500. Two scenarios are considered simultaneously. That is, we are dealing with a step-by-step system of accumulation of the position. We place the target at the level of 1.09000.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: In the middle of the trading week, we continue to adhere to the buy-priority for the euro. However, there are some notes. Previous long trades were closed manually. Let us recall that previously we adhered to scenario №2, where the long was near the 1.08000 level area.
There are two busy days ahead for economic indicators, especially Thursday. So far, the more medium-term picture is in favor of the buyer, but the medium-term picture is in favor of the seller. According to scenario №1, one can wait for the formation of the entry point for a long position at the level of 1.08000. Scenario №2 involves gaining a position slightly above the level of 1.07500. Two scenarios are considered simultaneously. That is, we are dealing with a step-by-step system of accumulation of the position. We place the target at the level of 1.09000.
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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