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Daily Market Analysis 22|05|2020: EURUSD

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Daily Analysis / Online Education

Daily Market Analysis 22|05|2020: EURUSD

Intraday: Bearish

Technical Analysis

Preference: 
Sell position is envisaged if price trades below 1.09016 with take profit at 1.08836
Alternative scenario: 
Buy position is envisaged if price trades above 1.09260 with take profit at 1.09377
Fundamentals:
ECB Monetary Policy Meeting Accounts (EUR) 12:30 pm

Comment: The Greenback traded higher yesterday against an array of other currencies, the Euro inclusive and given that previous data released from the Eurozone has been very sluggish. The strength of the Euro will be dependent on the ECB Monetary Policy meeting reports today by 12:30 pm.

Analysis: SCRUM Team

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