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Daily Market Analysis 27.01.2023: EURUSD

Instrument: EURUSD

Technical Analysis

Bullish Preference:  
A Buy position is envisaged if the price trades above 1.08839 with a take profit at 1.08932
Bearish Preference: 
A Sell position is envisaged if the price trades below 1.08598 with take profit at 1.08518

Fundamentals:
2:30pm USD Core PCE Price Index m/m

Comment: 
The dollar sagged close to a nine-month low versus the euro, amid market expectations the European Central Bank next week will implement a rate hike twice as big as the Federal Reserve’s.

Analysis: SCRUM Team

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