fbpx

Daily Market Analysis 14.03.2022: EURUSD

Instrument: EURUSD

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 1.09701 with take profit at 1.09883.
Bearish Preference: 
Sell position is envisaged if price trades below 1.09378 with take profit at 1.09215.
Fundamentals:
No major fundamental

Comment: 
An interesting open to the trading week for EUR/USD, after a grim backdrop from both geopolitical and economic spheres. Euro strength is largely attributed to dollar weakness despite U.S. Treasury yields edging higher as markets expect a Fed rate hike on Wednesday later this week. Inflation pressures are rising which the Fed will need to address in the post-announcement press conference despite the war in Ukraine which has added to these upside stresses. Money markets are almost fully pricing in a 25bps interest rate hike leaving most of the attention on the press conference.

Analysis: SCRUM Team

Leave a Comment

Your email address will not be published.

×
Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Compare
Wishlist 0
Open wishlist page Continue shopping