Instrument: EURUSD
Technical Analysis
Bearish Preference:
Enter a Sell position if price trades below 1.20561 with take profit at 1.20180.
Bullish Preference:
Buy position is envisaged if price trades above 1.21048 with a take profit 1.21682.
Fundamentals:
Advance GDP q/q 2:30pm USD
Comment: The dollar gained massive strength yesterday after the federal reserve meeting where we saw Jerome Powell stating concerns over the U.S slow recovery, however he also stated the Federal Reserve were taking actions into supporting the US dollar which prompted a positive sentiment towards the currency.
Analysis: SCRUM Team