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Daily Market Analysis 27|07|2020: EURUSD

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Daily Analysis / Online Education

Daily Market Analysis 27|07|2020: EURUSD

Instrument: EURUSD

Intraday: Bullish

Technical Analysis

Preference: 
Buy position is envisaged if price trades above 1.17356 with take profit at 1.18290.
Alternative scenario: 
Sell position is envisaged if price trades below 1.16712 with take profit at 1.15987.
Fundamentals:
Core Durable Goods Orders m/m  (USD) 1:30 PM
Durable Goods Orders m/m  (USD) 1:30 PM

Comment: The pair crossed the  1.17 price mark for the first time since 2018 today and is still envisaged to push higher amidst the weakness of the dollar due to the US-China tensions.

Analysis SCRUM Team

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