Intraday: Bearish
Technical Analysis
Preference:
Sell position is envisaged if price trades below 1.09209 with take profit at 1.08970
Alternative scenario:
Buy position is envisaged if price trades above 1.09494 with take profit at 1.09649
Fundamentals:
No major economic data expected today
Comment: The statement by the White House pinning blame on China for the outbreak of the novel virus is expected to support the Greenback as a safe haven currency and might lead to fresh war between the two largest economies.
Analysis: SCRUM Team