Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.16473 with take profit at 1.16664.
Bearish Preference:
Sell position is envisaged if price trades below 1.16331 with take profit at 1.16200.
Fundamentals:
1:30pm USD Unemployment Claims.
Comment: Commodity currencies stood near multi-month highs, with strong raw material prices and increasing risk sentiment turning investors away from the safe-haven U.S. currency, which had recently been boosted by expectations that the U.S. Federal Reserve will begin asset tapering.
Analysis: SCRUM Team