EURUSD short to the correction level. In our opinion, the exchange rate has been reversed. The correction level of the back is 1,15517 So far it is advisable to enter a short entry up to the level. At this level, we close our trading. At 1,15517, we will go to a new long position with a target price of 1.20501. We assume that the exchange rate will be even higher, but 80-100 pipes will no longer exceed. It is also assumed that a full turn will be expected near the 1,1210 level. But we will return to that later.
@PhilIvey, Thank you for your comment. Technically, according to current data, we can not see a EURUSD exchange rate of around 1,2100 in the future. This level will also be affected by strong corrections. We are now expecting a multi-month dollar boost. Nevertheless, we handle all the analyzes carefully, because the foreign policy mood is very tense. A North Korean military incident can trigger significant movements in the markets. I am glad that you wrote.
Have a nice day.
Sincerely, Meszaros