Daily Market Analysis 08|07|2020: EURUSDJuly 8, 2020 2020-07-08 8:57
Daily Market Analysis 08|07|2020: EURUSD
Buy position is envisaged if price trades above 1.13061 with take profit at 1.13404.
Sell position is envisaged if price trades below 1.12562 with take profit at 1.12366.
No major economic data with direct bearing on the currency pair.
Comment: The resurgence in the number of infections worldwide is dampening market optimism as some of the introduced stimulus program are close to expiration. The pair is currently trading narrowly and a breakout is envisaged before the end of the session today.
Analysis: SCRUM Team