Strifor || EURUSD-01/03/2024
Preferred direction: BUY
Comment: In the longer term, the euro continues to be viewed more in favor of the buyer. It should be noted the local strength of the US dollar and at the moment only the Canadian currency and metals can resist the US currency with the greatest effectiveness.
Regarding EURUSD, we will consider two scenarios, where both involve updating local lows and most likely there will be a re-test of the level of 1.07500 before growth.
As mentioned earlier, the target for medium-term growth is located at the level of 1.09000.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: In the longer term, the euro continues to be viewed more in favor of the buyer. It should be noted the local strength of the US dollar and at the moment only the Canadian currency and metals can resist the US currency with the greatest effectiveness.
Regarding EURUSD, we will consider two scenarios, where both involve updating local lows and most likely there will be a re-test of the level of 1.07500 before growth.
As mentioned earlier, the target for medium-term growth is located at the level of 1.09000.
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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