Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.17506 with take profit at 1.17645.
Bearish Preference:
Sell position is envisaged if price trades below 1.17271 with take profit at 1.17129.
Fundamentals:
No major fundamentals
Comment: European stock markets are expected to edge higher at the open Tuesday, helped by a strong handover from Wall Street after the full approval of a Covid-19 vaccine as well as signs of strong German growth. Surging numbers of coronavirus cases caused by the highly contagious delta variant have fueled concerns that the U.S. economic recovery will be stunted, but this move could accelerate inoculations as companies mandate jabs in order to return to the office.
Analysis: SCRUM Team