Buy position is envisaged if price trades above 1.24956 with take profit at 1.25430
Sell position is envisaged if price trades below 1.24350 with take profit at 1.24102
Core Retail Sales m/m 1:30 PM
Retail Sales m/m 1:30 PMFed Chair Powell Speaks 7:00 PM
The U.S. dollar edged lower in early European trade Tuesday, slipping back from a 20-year high as gains in global equity markets helped risk appetite rebound to the detriment of this safe haven. At 3:15 AM ET (0715 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 103.953, falling back from Friday’s 105 level, its highest since December 2002.
Analysis: SCRUM Team