Instrument: EURUSD
Bullish Preference:
A buy position is envisaged if the price trades above 1.09878 with take profit at 1.09926
Bearish Preference:
A sell position is envisaged if the price trades below 1.09601 with take profit at 1.09524
Fundamentals:
1:15pm USD ADP Non-Farm Employment Change
Comment:
European stock markets traded lower Wednesday, with risk sentiment hit by the surprise downgrade to the U.S.Stop-tier sovereign rating as well as slowing regional growth.
Analysis: SCRUM Team