Instrument: EURUSD
Intraday: Bearish
Technical Analysis
Preference:
Sell position is envisaged if price trades below 1.17571 with take profit at 1.17234
Alternative scenario:
Buy position is envisaged if price trades above 1.17935 with take profit at 1.18407
Fundamentals:
No major economic data with bearing on the pair.
Comment: The Greenback is envisaged to trade higher due to the release of better than expected job data on Friday. The signing of four executive orders by the US president to push the latest stimulus package to the finishing line is expected to aid the dollar.
Analysis: SCRUM Team