💬Description: Not long ago, a pullback was expected, that is, a correction in the EURUSD currency pair. This maneuver was expected if the current maximum was updated at the level of 1.10000. However, the US dollar managed to strengthen without a false upward move and forced its main competitors to roll back down. Nevertheless, an overshoot is expected, after which the next (deeper) downward correction will most likely follow.
At the end of this week, on Friday, as we see, a number of important economic data will be published. Particular attention here is to data from the United States and, of course, the speech of the head of the Federal Reserve. This is precisely what can serve as a trigger for growth.
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At the end of this week, on Friday, as we see, a number of important economic data will be published. Particular attention here is to data from the United States and, of course, the speech of the head of the Federal Reserve. This is precisely what can serve as a trigger for growth.
➖➖➖➖➖➖➖
🚀Thank for your BOOSTS🚀
👇Share your views and FOLLOW US👇
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Comment:
The euro retains buy priority despite some of the lost positions at the end of the previous week. The main growth target is now located at the current highs, where there is a large concentration of sellers. Most likely, in the near future we will see new local highs against the backdrop of closing short positions.