Preferred direction: BUY
Comment: Local strengthening of the buyer forces a reversal up in the short-term view. Market sales are unable to push the price down, limit purchases are currently holding back the price, and despite sellers’ momentary attempts to break through lower, they are unlikely to succeed.
Thus, the focus is on the current local maximum at the level of 1.10000, the update of which is expected in the near future. After which, most likely there will be a downward reversal with a medium-term target at the level of 1.07000.
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Comment: Local strengthening of the buyer forces a reversal up in the short-term view. Market sales are unable to push the price down, limit purchases are currently holding back the price, and despite sellers’ momentary attempts to break through lower, they are unlikely to succeed.
Thus, the focus is on the current local maximum at the level of 1.10000, the update of which is expected in the near future. After which, most likely there will be a downward reversal with a medium-term target at the level of 1.07000.
Thank you for like and share your views!
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