Intraday: Bearish
Technical Analysis
Preference:
Sell position is envisaged if price trades below 1.08113 with take profit at 1.07834
Alternative scenario:
Buy position is envisaged if price trades above 1.08286 with take profit at 1.08451
Fundamentals:
No major economic data expected today
Comment: The hawkish statement of the Chairman of the Federal Reserve earlier today is envisaged to lend strength to the Greenback today. Mr Powell said that the economy will rebound soonest and unemployment will get back down as people will go back to work.
Analysis: SCRUM Team