Intraday: Bullish
Technical Analysis
Preference:
Buy position is envisaged if price trades above 0.65679 with take profit at 0.65970
Alternative scenario:
Sell position is envisaged if price trades below 0.65100 with take profit at 0.64694
Fundamentals:
1:30pm USD Advance GDP q/q
7:00pm USD FOMC Statement
Comment: The upbeat market mood remained well supported by the slowing spread of the coronavirus, a move to re-open economies in some parts of the world and a goodish recovery in oil prices, which dented the USD’s safe-haven status.
Analysis: SCRUM Team