Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.05240 with take profit at 1.05419
Bearish Preference:
Sell position is envisaged if price trades below 1.04743 with take profit at 1.04542
Fundamentals:
1:30pm USD Advance GDP q/q
Advance GDP Price Index q/q
Unemployment Claims
Comment:
Inflation in the Eurozone is set to ease only slightly in April, with preliminary data from two of the region’s biggest economies showing that underlined price pressures remained strong this month despite some relief from energy prices.
Analysis: SCRUM Team