Instrument: EURUSD
Intraday: Bullish
Technical Analysis
Preference:
Buy position is envisaged if price trades above 1.13061 with take profit at 1.13404.
Alternative scenario:
Sell position is envisaged if price trades below 1.12562 with take profit at 1.12366.
Fundamentals:
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