Instrument: EURUSD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 1.09325 with take profit at 1.09512
Bearish Preference:
A Sell position is envisaged if the price trades below 1.08792 with take profit at 1.08634
Fundamentals:
6:45pm EUR ECB President Lagarde Speaks
Comment:
The euro hit its highest level against the dollar in nine months as U.S. economic data invited speculation on a dovish pivot from the Federal Reserve, while European Central Bank officials continued to insist on the need for significant interest rate increases.
Analysis: SCRUM Team