More losses for a pair of euros dollars. The husband returned to visit the 1.0840 regions, since his last visit was in 2017 and until writing the current report, he achieved the lowest descent for him areas of 1.0832, as we expected, thanks to God Almighty, according to the husband’s analysis, where the daily selling goals were achieved yesterday, we notice that the selling momentum is still present. The pair, which suggests a further decline, to reach levels of 1.0785 - 1.0730 is not exaggerated. We can also see areas of 1.0680 before starting a new bullish wave.
We believe that the path for today is bearish and the pair is still a candidate for more losses.
Influential news:
Euro, German Initial GDP, at 9:00 am in Jerusalem.
Basic retail sales dollars at 3.30 pm Al Quds Al Sharif time.
Today's recommendation: to sell the pair from 1.0855 with a target of 1.0790 and a stop of 1.0890
The pair is still trading below 1.3080 We noticed a buying momentum during trading on Thursday until reaching the specified selling areas and now the price is trading around 1.3048 which are the entry areas of the specified sale, it is worth noting that the breach of 1.3080 which is to stop the selling operations is canceling the idea of the decline in the current period and a new turning point to confirm a new rise But, since we are still below these areas, our outlook will remain negative for this pair until we confirm the opposite.
