Daily Market Analysis 11.05.2022: EURUSD

Instrument: EURUSD

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 1.05777 with take profit at 1.05890
Bearish Preference: 
Sell position is envisaged if price trades below 1.05367 with take profit at 1.05297
1:30pm     USD    CPI m/m                          
                  USD   Core CPI m/m

European stock markets traded higher Wednesday, helped by solid corporate earnings and ahead of the release of key U.S. inflation data which could influence how aggressively the Federal Reserve raises interest rates.

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Your email address will not be published.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
Wishlist 0
Open wishlist page Continue shopping