Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.08549 with take profit at 1.08799
Bearish Preference:
Sell position is envisaged if price trades below 1.07915 with take profit at 1.07650
Fundamentals:
1:30pm USD PPI m/m
Comment:
Hopes for a prompt end to the war in Ukraine received a blow late Tuesday after Russian President Vladimir Putin vowed to continue the invasion, stating that peace talks with Ukraine were “at a dead end,” while suggesting the seven-week offensive is going to plan.
Analysis: SCRUM Team