Strifor || EURUSD-04/01/2024
Preferred direction: Neutral
Comment: The main target for the euro was achieved, and the level of 1.09000 was fixed by sellers. At the moment, it is still difficult to identify any medium-term prospects for the currency pair, and it is most likely better to take a break. To a greater extent, it is the short-term long position that is being looked at towards the level of 1.10000, where there is a high probability of a downward reversal.
It is necessary to note the news background that awaits us at the end of this week. The main trend (medium-term) is so far on the side of sellers, however, in the short term, most likely, buyers will strengthen slightly towards the resistance of 1.10000, where there is a possibility of a downward reversal to support at the level of 1.09000.
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Comment: The main target for the euro was achieved, and the level of 1.09000 was fixed by sellers. At the moment, it is still difficult to identify any medium-term prospects for the currency pair, and it is most likely better to take a break. To a greater extent, it is the short-term long position that is being looked at towards the level of 1.10000, where there is a high probability of a downward reversal.
It is necessary to note the news background that awaits us at the end of this week. The main trend (medium-term) is so far on the side of sellers, however, in the short term, most likely, buyers will strengthen slightly towards the resistance of 1.10000, where there is a possibility of a downward reversal to support at the level of 1.09000.
Thank you for like and share your views!
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