Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.15482 with take profit at 1.15625.
Bearish Preference:
Sell position is envisaged if price trades below 1.15197 with take profit at 1.15057.
Fundamentals:
1:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment: EURUSD edged lower this week as the dollar had a second straight week of gains versus major peers on Friday ahead of a key U.S. jobs report and after a string of central banks this week pushed back against faster tightening of monetary policy. investors now expect a more bullish dollar news to push the pair below the D1 support of 1.15000.
Analysis: SCRUM Team