Strifor || EURUSD-10/18/2023

Preferred direction: SELL
Comment: The main direction is still downward, here the medium-term vision does not change. However, the results of trading on Wednesday suggest a slight recovery against the dollar. Here, an overshoot is also not excluded, that is, a movement towards 1.06000, after which the currency pair will most likely begin to fall again. As was said in previous trading ideas for this instrument, in the medium term we can expect a movement towards the level of 1.04500.

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