Intraday: Bullish
Technical Analysis
Preference:
Buy position is envisaged if price trades above 1.08474 with take profit at 1.08779
Alternative scenario:
Sell position is envisaged if price trades below 1.08367 with take profit at 1.08141
Fundamentals:
No major economic data expected today
Comment: The pair is envisaged to trade higher today, having successfully closed above the bearish channel on the hourly chart. It has also closed above both the 50 EMA and 200 EMA on the 1H chart
Analysis: SCRUM Team