Daily Market Analysis 31/12/2021: EURUSD

Instrument: EURUSD

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 1.13318 with take profit at 1.13421.
Bearish Preference: 
Sell position is envisaged if price trades below 1.12967 with take profit at 1.12840.
No Major Fundamental

Comment: EUR/USD pares daily losses around 1.1320, despite fading bounce off intraday low, during the early Friday morning in Europe. In doing so, the major currency pair remains inactive amid a lack of major data/events and mixed catalysts as traders brace for 2022.

Analysis: SCRUM Team

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