Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.07641 with take profit at 1.07873
Bearish Preference:
Sell position is envisaged if price trades below 1.07105 with take profit at 1.06905
Fundamentals:
No major Fundamental
Comment:
European stock markets are expected to open higher Wednesday, as investors gear up for the start in earnest of the region’s quarterly earnings season, with the retail sector in focus. The Bank of England has already confirmed that the U.K. economy is in recession, while the World Bank has cut its forecast for global growth this year to 1.7%, after estimating in June that it would grow at a 3% rate in 2023.
Analysis: SCRUM Team
