Instrument: EURUSD
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above 1.00086 with take profit at 1.00268
Bearish Preference:
A sell position is envisaged if price trades below price 0.99607 with take profit at 0.99416
Fundamentals:
None with high impact
Comment:
The U.S. dollar edged higher Monday, remaining near a 20-year high at the start of a week dominated by a number of central bank meetings, including a crucial Federal Reserve gathering. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.3% higher to 109.793, not far removed from the two-decade peak of 110.79 reached on Sept. 7 for the first time since mid-2002.
Analysis: SCRUM Team