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