Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.18646 with take profit at 1.18746.
Bearish Preference:
Sell position is envisaged if price trades below 1.18461 with take profit at 1.18367.
Fundamentals:
1:30 pm USD CPI m/m
USD Core CPI m/m
6:01pm USD 30-y Bond Auction
Comment: European stock markets are seen opening in a cautious fashion Tuesday, struggling for direction ahead of quarterly earnings reports from a number of big U.S. banks.
The European markets have received a largely positive handover from Asia, helped by news that China’s exports grew much more strongly than expected in June, indicating a recovery in global demand as vaccination programs reopened economies around the world.
Analysis: SCRUM Team