Preferred direction: BUY
Comment: Probably the most confident major currency pair in terms of buy-priority for the upcoming trading week. The basis for the long was laid over the previous week, and even if a small downward correction can be expected at the beginning of the week, the buy-priority is still relevant both for the medium term (which we talked about earlier, and we continue to adhere to this priority), as well as for short-term trading.
At the moment, there is a pressure to the level of 1.27000, and it is expected that the breakdown will not be long in coming this week, and the instrument will rush to the first target at the level of 1.27500, and then to 1.28000. We should say that near the level of 1.28000, the price will most likely bounce down.
Thank you for like and share your views!
Comment: Probably the most confident major currency pair in terms of buy-priority for the upcoming trading week. The basis for the long was laid over the previous week, and even if a small downward correction can be expected at the beginning of the week, the buy-priority is still relevant both for the medium term (which we talked about earlier, and we continue to adhere to this priority), as well as for short-term trading.
At the moment, there is a pressure to the level of 1.27000, and it is expected that the breakdown will not be long in coming this week, and the instrument will rush to the first target at the level of 1.27500, and then to 1.28000. We should say that near the level of 1.28000, the price will most likely bounce down.
Thank you for like and share your views!
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