fbpx

Daily Market Analysis 17|06|2020: EURUSD

Intraday: Bullish

Technical Analysis

Preference: 
A Buy is in order if prices trade above 1.12993 with take profit at 1.13330.
Alternative scenario: 
Sell is in order if price trades below 1.12627 with take profit at 1.12189.
Fundamentals:
5:00pm USD Fed Chair Powell Testifies

Comment: The dollar drifted lower in early European trade Wednesday, but ranges are tight as investors try to digest a combination of upbeat economic data, a gloomy prognosis from the Federal Reserve chairman, worries about a second Covid-19 wave and diplomatic tensions in Asia.

Analysis: SCRUM Team

Leave a Comment

Your email address will not be published.

×
Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Compare
Wishlist 0
Open wishlist page Continue shopping