Instrument: EURUSD
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above 0.99692 with take profit at 0.99866
Bearish Preference:
A sell position is envisaged if price trades below price 0.99245 with take profit at 0.99037
Fundamentals:
3:00pm USD Prelim UoM Consumer Sentiment
Comment:
The U.S. dollar strengthened in early European trade Friday, while the Chinese yuan broke through a crucial threshold as concerns over rising interest rates and a potential recession dented risk appetite.
Analysis: SCRUM Team