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Daily Market Analysis 03|08|2020: EURUSD

Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.17834 with take profit at 1.18932. Alternative scenario: Sell position is envisaged if price trades below 1.17032 with take profit at 1.16440. Fundamentals:ISM Manufacturing PMI (USD) 3 PM Comment: The greenback recovered some lost ground earlier today as a technical retracement on the pair. …

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Daily Market Analysis 28|07|2020: EURUSD

Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.17225 with take profit at key level 1.17616. Alternative scenario: Sell if price trades below 1.16784 with take profit at 1.16393. Fundamentals:No Fundamentals. Comment: The division in the US senate on what should be included in the Latest COVID -19 stimulus package has created …

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Daily Market Analysis 28|07|2020: EURJPY

Instrument: EURJPY Intraday: Bullish Technical Analysis Preference: Buy if price trades above 123.740 with take profit at 123.964. Alternative scenario: Sell position is envisaged if price trades below 123.502 with take profit at key level 123.263. Fundamentals:No Fundamentals. Comment: Technically on the weekly time frame we can this instrument testing the 200 MA previous weeks without success in breaking it. There are …

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Daily Market Analysis 27|07|2020: EURUSD

Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.17356 with take profit at 1.18290. Alternative scenario: Sell position is envisaged if price trades below 1.16712 with take profit at 1.15987. Fundamentals:Core Durable Goods Orders m/m  (USD) 1:30 PMDurable Goods Orders m/m  (USD) 1:30 PM Comment: The pair crossed the  1.17 price mark …

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Daily Market Analysis 21|07|2020: EURUSD

Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.14944 with take profit at key level 1.15376. Alternative scenario: Sell if price trades below 1.14511 with take profit at 1.13908. Fundamentals:No Fundamentals. Comment: The EU passed a post pandemic stimulus plan for their corona-virus-hit economies on Tuesday after a fractious summit that lasted …

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Daily Market Analysis 20|07|2020: EURUSD

Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.14846 with take profit at 1.15352. Alternative scenario: Sell position is envisaged if price trades below 1.14260 with take profit at 1.13794. Fundamentals:EU Economic Summit (EUR) All-day Comment: The pair is currently trading on an upward channel on the daily chart supporting the possibility …

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Daily Market Analysis 13|07|2020: EURUSD

Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.13361 with take profit at 1.13641. Alternative scenario: Buy position is envisaged if price trades above 1.36203 with take profit at key level 1.36472. Fundamentals:No major economic data with direct bearing on the currency pair. Comment: The number of new cases of infection in …

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Daily Market Analysis 09|07|2020: EURUSD

Instrument: EURUSD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.13195 with take profit at key level 1.12960. Alternative scenario: Buy position is envisaged if price trades above 1.13389 with take profit at 1.13633. Fundamentals:No major economic data with direct bearing to this pair Comment: Rising cases in corona virus and the ongoing EURO …

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Daily Market Analysis 08|07|2020: EURUSD

Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.13061 with take profit at 1.13404. Alternative scenario: Sell position is envisaged if price trades below 1.12562 with take profit at 1.12366. Fundamentals:No major economic data with direct bearing on the currency pair. Comment: The resurgence in the number of infections worldwide is dampening …

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Daily Market Analysis 03|07|2020: EURUSD

Instrument: EURUSD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.12156 with take profit at 1.11944 Alternative scenario: Buy position is envisaged if price trades above 1.12520 with take profit at 1.12762 Fundamentals:NO New Fundamentals Comment: The Greenback yesterday recording Thursday an addition of 4.8 million jobs in June and manufacturing activity rebounding more …

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