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Daily Market Analysis 24/09/2021: EURUSD

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Daily Analysis / Online Education

Daily Market Analysis 24/09/2021: EURUSD

Instrument: EURUSD

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 1.17388 with take profit at 1.17482.
Bearish Preference: 
Sell position is envisaged if price trades below 1.17105 with take profit at 1.17015.
Fundamentals: 3:00pm USD Fed Chair Powell Speaks

Comment: The dollar hovered above a one-week low versus major peers on Friday, taking a breather after its biggest drop in almost a month overnight, as questions lingered about the fate of property developer. European shares slipped on Friday but held their gains for the week as uncertainty around the fate of debt-ridden China Evergrande weighed on investor sentiment.

Analysis: SCRUM Team

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