Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.13103 with take profit at 1.13197.
Bearish Preference:
Sell position is envisaged if price trades below 1.12903 with take profit at 1.12817.
Fundamentals:
1:45pm EUR Main Refinancing Rate
EUR Monetary Policy Statement
2:30pm EUR ECB Press Conference
Comment: European stock markets traded sharply higher Thursday, with investors reacting positively to the Federal Reserve’s move to tackle inflation ahead of policy decisions by both the European Central Bank and the Bank of England. hese gains follow the U.S. central bank announcing late Wednesday that it will speed up the tapering of its asset-buying program, while projecting three quarter-point interest-rate increases in 2022.
Analysis: SCRUM Team