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Daily Market Analysis 06|04|2021: EURUSD

Euro And Dollar Symbol. Eur Usd Pair
Daily Analysis / Online Education

Daily Market Analysis 06|04|2021: EURUSD

Instrument: EURUSD

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 1.18270 with take profit at 1.18398.
Bearish Preference: 
Sell position is envisaged if price trades below 1.18074 with take profit at 1.17952.
Fundamentals:
10:00am    EUR    Unemployment Rate
Day 2    All    IMF Meetings

Comment: The dollar fell sharply against its rivals Monday, paced by declining U.S. bond yields, but the pullback could be short-lived as the expected rise in rates has forced some on Wall Street to ease their bearish bets on the greenback.
European stock markets are seen opening mixed Tuesday, as investors digest signs of strong global growth while the region attempts to ramp up its Covid-19 vaccination program. Germany, the largest country in the European Union, has been forced into a fresh lockdown to combat a rise in infections as it has lagged the likes of Britain and the United States in the pace of vaccinations.

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