Intraday: Bullish
Technical Analysis
Preference:
A Buy is in order if prices trade above 1.12424 with take profit at 1.12805.
Alternative scenario:
Sell is in order if price trades below 1.11758 with take profit at 1.11698.
Fundamentals:
ALL DAY EUR Economic Summit
Comment: Technically price is at a proven support and sentiments seems to favour the EUR today given fundamentals from the Eurozone today and given that the Eurozone is looking at painting a picture of stability after Brexit and the ongoing Pandemic. Provided news are slightly in favor of the Euro today, one can expect price to push higher
Analysis: SCRUM Team