Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.16537 with take profit at 1.16626.
Bearish Preference:
Sell position is envisaged if price trades below 1.16297 with take profit at 1.16219.
Fundamentals:
9:00am EUR Flash Manufacturing PMI
EUR Flash Services PMI
4:00pm USD Fed Chair Powell Speaks
Comment: Back in Europe, U.K. retail sales fell by 0.2% on the month in September, dropping 1.3% on the year, a weaker result than expected, with the country seeing a surging number of Covid infections, including a slowly increasing number of hospitalizations and deaths.
Analysis: SCRUM Team