⚡️Strifor || EURUSD-15/02/2024
Preferred direction: BUY
Comment: US CPI data strengthened the position of the US dollar, but nevertheless, the momentary collapse is quite significant intraday, and in the medium term, this downward impulse is not so terrible. As before, the medium-term vision remains in favor of the buyer, and a reversal can occur at any time. After the collapse to the level of 1.07000, the market began to become saturated with BID-orders, which should have led to a price recovery, but this did not happen, which hints at the presence of a limit seller.
In the short term, we highlight two scenarios. The differences between scenarios 1 and 2 lie in the depth of the likely false downward movement. This may be because there is a buyer who was unable to go higher; against this background, the limit seller can update the current minimums, and then begin to grow.
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Comment: US CPI data strengthened the position of the US dollar, but nevertheless, the momentary collapse is quite significant intraday, and in the medium term, this downward impulse is not so terrible. As before, the medium-term vision remains in favor of the buyer, and a reversal can occur at any time. After the collapse to the level of 1.07000, the market began to become saturated with BID-orders, which should have led to a price recovery, but this did not happen, which hints at the presence of a limit seller.
In the short term, we highlight two scenarios. The differences between scenarios 1 and 2 lie in the depth of the likely false downward movement. This may be because there is a buyer who was unable to go higher; against this background, the limit seller can update the current minimums, and then begin to grow.
Thank you for like and share your views!
Trade closed: target reached
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