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Daily Market Analysis 03|09|2020: EURUSD

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Daily Analysis / Online Education

Daily Market Analysis 03|09|2020: EURUSD

Instrument: EURUSD

Intraday: BULLISH

Technical Analysis

Preference:  
Buy position is envisaged if price trades above key level at 1.18358 with take profit at 1.18902

Alternative scenario: 
Sell position is envisaged if price trades below 1.17658 with take profit at key level 1.16928
Fundamentals:
10am ISM Non-Manufacturing PMI USD

Comment:  This pair got rejected after it hit a  new higher high at 1.2000 and most buyers closed out on their long positions. However, this pair was unable to break below the bullish structure or support level so it is envisaged to trade higher today.

Analysis: SCRUM Team

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