Preferred direction: BUY
Comment: We continue to consider this currency pair in the format of a strengthening US dollar. The pressure to the level of 0.85696 also indicates the likelihood of a breakout upward, which we are already waiting for throughout the current week. Most likely, we will see this in the US PPI data.
Two scenarios are considered for the transaction simultaneously. Scenario №1 is already in progress, but at the very moment of publication of the US PPI, there may be a false downward movement. For this we need scenario №2. We consider the growth target above the level of 0.85696, namely near 0.86500.
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Comment: We continue to consider this currency pair in the format of a strengthening US dollar. The pressure to the level of 0.85696 also indicates the likelihood of a breakout upward, which we are already waiting for throughout the current week. Most likely, we will see this in the US PPI data.
Two scenarios are considered for the transaction simultaneously. Scenario №1 is already in progress, but at the very moment of publication of the US PPI, there may be a false downward movement. For this we need scenario №2. We consider the growth target above the level of 0.85696, namely near 0.86500.
Thank you for like and share your views!
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