Preferred direction: BUY
Comment: It didn’t take long for us to realize our previous trading idea for the euro. At the moment, we have the fact that the target has been fixed. Today, the market's focus will be on the US CPI, against the backdrop of which we expect another short-term growth in favor of the main competitors of the US dollar.
The most likely scenario is an increase immediately after the publication of US inflation data (scenario №1). One can also consider buy-deal below current prices near the level of 1.07800 (scenario №2). We mark the target for short-term growth near the level of 1.09000, where the nearest resistance is located.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: It didn’t take long for us to realize our previous trading idea for the euro. At the moment, we have the fact that the target has been fixed. Today, the market's focus will be on the US CPI, against the backdrop of which we expect another short-term growth in favor of the main competitors of the US dollar.
The most likely scenario is an increase immediately after the publication of US inflation data (scenario №1). One can also consider buy-deal below current prices near the level of 1.07800 (scenario №2). We mark the target for short-term growth near the level of 1.09000, where the nearest resistance is located.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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