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Daily Market Analysis 28.07.2022: EURUSD

Instrument: EURUSD

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 1.02070 with take profit at 1.02218
Bearish Preference: 
Sell position is envisaged if price trades  below 1.01741 with take profit at 1.01586
Fundamentals:
No major fundamental

Comment: 
Dollar Slips as Traders Weigh Powell Comments on Future Rate Hikes The dollar lost ground on Thursday as investors digested an as-expected 75 basis point interest rate rise by the Federal Reserve and eyed comments about potential future hikes.

Analysis: SCRUM Team

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