Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.18145 with take profit at 1.18288.
Bearish Preference:
Sell position is envisaged if price trades below 1.17772 with take profit at 1.17614.
Fundamentals:
1:30pm USD Unemployment Claims
Tentative EUR ECB President Lagarde Speaks
Comment: The dollar maintained a strong tone in early European trade Thursday after the minutes from the last Federal Reserve meeting indicated that the world’s most influential central bank is moving towards tightening monetary policy. The European central bank is expected to raise its inflation goal to 2%, a more explicit target than the previously used phrase, “below, but close to, 2% over the medium term”, as well as describing the target as symmetric. particularly regarding the tapering of its bond-buying program.
Analysis: SCRUM Team