Instrument: EURUSD
Bullish Preference:
Buy position is envisaged if price trades above 1.04994 With take profit at 1.06205
Bearish Preference:
Sell position is envisaged if price trades below 1.04439 with Take profit at 1.04211
Fundamentals:
1:15pm USD ADP Non-Farm Employment Change
3:00pm USD ISM Services PMI
Comment:
At a World Trade Organization event in September, former British prime minister Gordon Brown voiced out loud the fear that has quietly started to echo in the halls of power across Europe.
“Europe does not want to end up squeezed between America and China, either a Chinese colony or an American colony,” he said of a scenario in which rivalry between China and the United States could lead to a world of two hostile power axes.
Analysis: SCRUM Team