Preferred direction: SELL
Comment: The situation with the euro has not changed since our last review. Protracted accumulation continues at the level of 1.09000. However, we continue to follow sell-priority. According to our later analysis (scenario #1 and #2) we expect a fall to 1.08000. Also, in the longer term, we can consider a fall to 1.07000.
On Thursday, that is, today a large number of economic events from the EU and the USA are expected. Therefore, most likely today will be decisive and the instrument will finally shoot down, as we expect.
Thank you for like and share your views!
Comment: The situation with the euro has not changed since our last review. Protracted accumulation continues at the level of 1.09000. However, we continue to follow sell-priority. According to our later analysis (scenario #1 and #2) we expect a fall to 1.08000. Also, in the longer term, we can consider a fall to 1.07000.
On Thursday, that is, today a large number of economic events from the EU and the USA are expected. Therefore, most likely today will be decisive and the instrument will finally shoot down, as we expect.
Thank you for like and share your views!
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