⚡️Strifor || EURUSD-01/02/2024
Preferred direction: BUY
Comment: After the Fed meeting, as we expected, the US currency strengthened based on the results of the press conference and comments from the regulator. However, the growth of the dollar is already approaching its end and most likely now we need to take a closer look at medium-term purchases. We are now considering two main long scenarios. The first option assumes that no particularly large drops are expected yet, the second option suggests, on the contrary, a deeper fall towards the level of 1.06500. The main recovery target is located at the level of 1.09000.
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Comment: After the Fed meeting, as we expected, the US currency strengthened based on the results of the press conference and comments from the regulator. However, the growth of the dollar is already approaching its end and most likely now we need to take a closer look at medium-term purchases. We are now considering two main long scenarios. The first option assumes that no particularly large drops are expected yet, the second option suggests, on the contrary, a deeper fall towards the level of 1.06500. The main recovery target is located at the level of 1.09000.
Thank you for like and share your views!
Trade closed: target reached
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