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Daily Market Analysis 12/07/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18576 with take profit at 1.18669. Bearish Preference: Sell position is envisaged if price trades below 1.18347 with take profit at 1.18265. Fundamentals:No major fundamental. Comment: European Central Bank President Christine Lagarde said on Sunday that the central bank will update its guidance on monetary stimulus at its …

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Daily Market Analysis 30/06/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.19114 with take profit at 1.19228. Bearish Preference: Sell position is envisaged if price trades below 1.18924 with take profit at 1.18817. Fundamentals:1:15pm    USD ADP Non-Farm Employment Change Comment: The dollar maintained its recent positive tone in early European trade Wednesday, as the spreading outbreak of …

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Daily Market Analysis 09/06/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.21925 with take profit at 1.22053. Bearish Preference: Sell position is envisaged if price trades below 1.21746 with take profit at 1.21655. Fundamentals:None with high impact on the pair. Comment: The dollar clung to marginal gains in early European trade Wednesday, but volatility was limited with traders …

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Daily Market Analysis 08/06/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.21883 with take profit at   1.22033. Bearish Preference: Sell position is envisaged if price trades below 1.21630 with take profit at  1.21478. Fundamentals:No major fundamental Comment: The mood surrounding the pair remains cautious ahead of crucial US inflation figures and the ECB monetary policy meeting, both scheduled for …

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Daily Market Analysis 26|04|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  A buy position is envisaged if price trades above price 1.21168 with take profit at price 1.21305. Bearish Preference: A sell position is envisaged if price trades below price 1.20832 with take profit at price 1.20700. Fundamentals:EUR Zone 9AM: German ifo Business Climate Comment: EUR/USD appears to be stuck in a narrow range as …

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Daily Market Analysis 12|03|2021: DE30

Instrument: DE30 Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 14601.1 with take profit at 14632.5. Bearish Preference: Sell position is envisaged if price trades below 14449.1  with take profit at 14415.2. Fundamentals:No major economic data Comment: DE30 ended bullish yesterday and has currently opened lower during the Asian time this morning due to  the mixed …

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Daily Market Analysis 19|11|2020: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  Buy if price trades above 1.18651 with take profit at 1.18704 Bearish Preference: A sell is envisaged when price trades below 1.18165 with take profit at 1.18125. Fundamentals:USD Philly Fed Manufacturing IndexUSD Unemployment ClaimsEUR ECB President Lagarde SpeaksUSD CB Leading Index m/m Comment: Immediate risks posed by the surge in infections to the …

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Daily Market Analysis 13|11|2020: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A buy is envisaged if price trades above 1.18193 with take profit at  1.18842. Bearish Preference: Sell if price trades below 1.18044,sell and take profit before the support 1.17533 Fundamentals:USD: core ppi m/m Comment: The currency pairing has had a tough time this week with market sentiment flip-flopping back and forth on coronavirus and …

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Daily Market Analysis 30|09|2020: EURUSD

Instrument: EURUSD Intraday: BEARISH Technical Analysis Preference:  Sell position is envisaged if price trades below 1.17243 with take profit at 1.16882. Alternative scenario: Buy position is envisaged if price trades above 1.17516 with take profit at key level 1.17790. Fundamentals:8:20am  EUR ECB President Lagarde Speaks Comment:  The dollar was up on Wednesday morning across board in Asia, with investors digesting …

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Daily Market Analysis 28|09|2020: EURUSD

Instrument: EURUSD Intraday: BEARISH Technical Analysis Preference: SELL position is envisaged if price trades below 1.16108 with take profit at 1.15960 Alternative scenario: BUY position is envisaged if price trades above 1.16404 with take profit at 1.16689 Fundamentals:ECB President Lagarde Speaks (EUR) 2:45 PM Comment: The Greenback continued its recovery against major currencies last week  due to the rise in the …

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