Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.06568 with take profit at 1.06636
Bearish Preference:
Sell position is envisaged if price trades below 1.06396 with take profit at 1.06318
Fundamentals:
8:00pm USD FOMC Economic Projections
Comment:
U.S. stocks are seen opening largely unchanged Wednesday, in cautious trading ahead of the latest Federal Reserve policy-setting meeting, which is likely to set the tone into the new year. The three major averages closed higher Tuesday, cheered by news that inflation is showing signs of having peaked after U.S. consumer prices rose less than expected for a second straight month in November.
Analysis: SCRUM Team
