Strifor || EURUSD-04/12/2023

Preferred direction: BUY
Comment: At the beginning of this week, the main competitors of the US dollar are expected to strengthen, but in the second part of the week the US dollar is likely to strengthen. For the euro, first of all, it is necessary to update the current maximum for such a strengthening of the dollar, that is, for the start of a downward trend.

Previously, we discussed 2 scenarios with you and at the moment it is the second one that is active, which assumed a false movement around the level of 1.09000, and then a potential growth. Now the instrument is at a key stage in the development of this idea into a long position. Most likely, it is from the support area at the level of 1.08500 that there will be an upward reversal.

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