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Daily Market Analysis 29.03.2022: EURUSD

Instrument: EURUSD

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 1.09934 with take profit at  1.10010.
Bearish Preference: 
Sell position is envisaged if price trades below 1.09771 with take profit at 1.09693.
Fundamentals:
3:00pm        USD        JOLTS Job Openings        
USD        CB Consumer Confidence

Comment: 
European stock markets are expected to open marginally higher Tuesday ahead of the start of another round of peace talks between Ukraine and Russia in Turkey this week. EUR/USD rose 0.2% to 1.1000, benefiting slightly from the hope that peace talks due to start later Tuesday in Turkey could bring an end to the Ukraine/Russia war, which is now in its second month.

Analysis: SCRUM Team

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