Last week, the bullish intentions of the largest player interested in the Euro currency were confirmed. The European Central Bank has allowed the Euro to hold above the initial level of MRO operations.
The task for the next two days is to follow the upward impulse. Any downward trend should be viewed as an opportunity to buy the instrument at favorable prices. The best buy prices are at the level of 1.1772. The growth target may be the level of 1.1877, which will give an opportunity to keep purchases in the medium term.
It is not necessary to chase quick profits, but ignoring the support for the growth of the Euro from the central bank will be fraught with consequences. The attempts to reverse the upward impulse are not visible, so holding previously opened purchases is the optimal strategy. It is possible to top up a long position from the levels of 1.1772 and below.
The material has been provided by InstaForex Company - www.instaforex.com