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 …
Instrument: DE30 Technical Analysis Bearish Preference: Sell if price trades below 12916.30 with take profit at 12868.20. Bullish Preference: Buy if price trades above 13073.72 with take profit at 13149.65. Fundamentals:No major fundamentals Comment: European Central Bank President Christine Lagarde cautioned Wednesday over expecting too much too soon from a Covid-19 vaccine. She said “While the latest news on …
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 …
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 …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.12703 with take profit at 1.12256. Alternative scenario: Buy position is envisaged if price trades above 1.13223 with take profit at 1.13699. Fundamentals:ECB President Lagarde Speaks (EUR) 2:45 PM Comment: The common currency benefited from the decision of the European Central Bank (last week) to increase bond purchases to help the weakest economies …
