Instrument: EURUSD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above1.09264 with take profit at 1.09451
Bearish Preference:
A Sell position is envisaged if the price trades below 1.08781 with take profit at 1.08586
Fundamentals:
2:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
4:00pm USD ISM Services PMI
Comment:
The Euro fell on Thursday, as investors examined comments from Federal Reserve chair Jerome Powell and the European central bank hinted at a potential pause in their rate hike cycles this year. Markets are now awaiting more cues on the U.S. jobs market from nonfarm payrolls data for January.
Analysis: SCRUM Team
