Preferred direction: SELL
Comment: The euro worked out exactly our previous long scenario. At the moment, the growth is most likely exhausted in the short term and a pullback is expected. The rollback is expected to be towards the nearest support at 1.07750. This is the main scenario.
The second scenario assumes that buyers will be able to gain a foothold at current levels, which is unlikely, of course. However, we cannot completely rule out this scenario.
Both variants are indicated on the chart.
Thank you for like and share your views!
Comment: The euro worked out exactly our previous long scenario. At the moment, the growth is most likely exhausted in the short term and a pullback is expected. The rollback is expected to be towards the nearest support at 1.07750. This is the main scenario.
The second scenario assumes that buyers will be able to gain a foothold at current levels, which is unlikely, of course. However, we cannot completely rule out this scenario.
Both variants are indicated on the chart.
Thank you for like and share your views!
Trade closed: target reached
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