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Daily Market Analysis 26.01.2023: EURUSD

Instrument: EURUSD

Technical Analysis

Bullish Preference:  
A Buy position is envisaged if the price trades above 1.09229  with a take profit at  1.09364
Bearish Preference: 
A Sell position is envisaged if the price trades below 1.09015  with take profit at 1.08867
Fundamentals: 
2:30pm USD Advance GDP q/q

Comment: 
U.S. stock futures fall amid slew of fresh corporate earnings Wall Street futures were lower on Wednesday, with traders looking ahead to a fresh set of corporate results and key U.S. gross domestic product figures later this week. Elsewhere, equities in Europe were subdued due to the weighing on sentiment ahead of the U.S. session were disappointing results from Microsoft Corporation (NASDAQ:MSFT). The software giant posted its slowest sales growth in six years and warned that there may be worse to come, sending shares in the company down in pre-market trading.

Analysis: SCRUM Team

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