Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.06443 with take profit at 1.06607
Bearish Preference:
Sell position is envisaged if price trades below 1.06039 with take profit at 1.05919
Fundamentals:
4:00pm USD ISM Manufacturing
USD JOLTS Job Openings
8:00pm USD FOMC Meeting Minutes
Comment:
European stock markets are expected to open higher Wednesday, continuing the positive start to the new year ahead of the release of more important economic data. The start of the year is packed with a string of economic data. European stocks closed higher on Tuesday, helped by German inflation coming in below expectations, easing for a second month in a row in December due to falling energy prices.
Analysis: SCRUM Team
