Instrument: EURUSD
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 1.10497 with take profit at 1.10625.
Bearish Preference:
A sell position is envisaged if the price trades below 1.10239 with take profit at 1.10106.
Fundamentals:
1:30pm
USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment:
Investors remain on edge on the last trading day of the week as they keep a close eye on the performance of regional bank stocks in the US while awaiting the April jobs report. The European economic docket will feature Retail Sales data for April and Statistics Canada will release the labor market data later in the day. With the Federal Reserve’s (Fed) blackout period ending on Thursday, comments from policymakers will be watched by market participants as well. (fxstreet.com)
Analysis: SCRUM Team
