Preferred direction: BUY
Comment: A number of central bank meetings are expected this week. So this week promises to be volatile, especially as we are coming up for the Christmas holidays. The euro maintains a medium-term buy-priority, however, in the first half of the week, the price is likely to once again update the current low.
Thus, the most likely scenario for going long on the euro is now being considered only after updating the current low at the level of 1.07240. A less likely scenario is to go long at current prices, but at the same time, it is more aggressive.
The first target for medium-term long is the level of 1.09000, and after that, the maximum will be updated to the level of 1.10000.
Thank you for like and share your views!
Comment: A number of central bank meetings are expected this week. So this week promises to be volatile, especially as we are coming up for the Christmas holidays. The euro maintains a medium-term buy-priority, however, in the first half of the week, the price is likely to once again update the current low.
Thus, the most likely scenario for going long on the euro is now being considered only after updating the current low at the level of 1.07240. A less likely scenario is to go long at current prices, but at the same time, it is more aggressive.
The first target for medium-term long is the level of 1.09000, and after that, the maximum will be updated to the level of 1.10000.
Thank you for like and share your views!
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