Preferred direction: BUY Comment: At the beginning of the new trading week, we continue to adhere to the buy-priority for the EURUSD currency pair. It should be noted that this trading week is quite filled with economic data, especially Thursday will be rich in data. Among the major currency pairs, not all are inclined to at least some growth against the US dollar. For example, a relatively small increase towards the level of 1.09000 is considered for the euro. This level is our previous goal, and we are now expecting an approach to this level as part of a re-test. Longer-term prospects are likely to develop at this level as balance format if buyers decide to move on. Another option is a false movement above this level, then the formation of a false breakout, and then a fall towards 1.08000 and 1.07000.
Share your view!