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Daily Market Analysis 16/11/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.34580 with take profit at 1.34723 Bearish Preference: Sell position is envisaged if price trades below 1.34243 with take profit at 1.34059 Fundamentals:2:30pm USD Core Retail Sales m/mUSD Retail Sales m/m3:15pm USD Industrial Production m/m Comment: The spotlight is on the U.S. consumer today, with …

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Daily Market Analysis 06/07/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18543 with take profit at 1.18724. Bearish Preference: Sell position is envisaged if price trades below 1.18302 with take profit at 1.18151. Fundamentals:3:00 pm USD    ISM Services PMI Comment: U.S. economy is seen opening marginally lower Tuesday. European stock markets slipped lower Tuesday as investors digested a rise …

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