Instrument: EURUSD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 1.03157 with take profit at 1.03412
Bearish Preference:
A Sell position is envisaged if price trades below price 1.02548 and take profit at 1.02347
Fundamentals:
No major fundamental
Comment:
The U.S. dollar weakened in early European trade Friday, continuing the previous session’s selloff after U.S. inflation eased more than expected, while sterling edged higher after a small third-quarter growth contraction.
Analysis: SCRUM Team