Intraday: Bearish
Technical Analysis
Preference:
Sell position is envisaged if price trades below 0.64060 with take profit at 0.63647.
Alternative scenario:
Buy position is envisaged if price trades above 0.64348 with take profit at 0.64570
Fundamentals:
No major economic data with direct bearing to this pair
Comment: Technically, this pair also got rejected at a psychological resistance zone twice which was a technical confirmation for the start of a bearish move. Despite the civil unrest in the US, investors still see the Dollar as a safe haven during this period which is why the dollar has a little bit of strength to support it.
Analysis: SCRUM Team