Daily Market Analysis 24|04|2020: EURUSD

Intraday: Bearish

Technical Analysis

Sell if price trades below 1.07300 with take profit at 1.07240
Alternative scenario: 
Buy position is envisaged if price trades above 1.07340 with take profit at 1.07400
 EUR  9:00am  German for                                       Business Climate
 USD  1:30pm Core Durable                                  Goods Orders m/m
Durable Goods Orders m/m

With recession coming for all countries and with only the Us having sent relief funds to qualified citizens and the EU still stagnant on the disbursement of funds for its citizenry. 
We have seen EUR drop from 1.08880 since the start of the week. Prices are expected to close bearish today.

Analysis: SCRUM Team

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