Instrument: EURUSD
Bullish Preference:
A buy position is envisaged if the price trades above 1.07047 with take profit at 1.07217
Bearish Preference:
A sell position is envisaged if the price trades below 1.06445 with take profit at 1.06143
Fundamentals:
3:15pm USD Fed Chair Powell Speaks
Comment:
The Euro (EUR) remains on the defensive against the US Dollar (USD), forcing EUR/USD to retreat further and print new weekly lows in the 1.0660 zone, where some initial contention emerged so far on Wednesday.
Analysis: SCRUM Team