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Daily Market Analysis 30|09|2020: EURUSD

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Daily Analysis / Online Education

Daily Market Analysis 30|09|2020: EURUSD

Instrument: EURUSD

Intraday: BEARISH

Technical Analysis

Preference:  
Sell position is envisaged if price trades below 1.17243 with take profit at 1.16882.
Alternative scenario: 
Buy position is envisaged if price trades above 1.17516 with take profit at key level 1.17790.
Fundamentals:
8:20am  EUR ECB President Lagarde Speaks

Comment:  The dollar was up on Wednesday morning across board in Asia, with investors digesting economic data from China. There is optimism as regards the introduction of a stimulus package even though there are some discussions around it currently.

Analysis: SCRUM Team

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