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Intraday: Bullish
* Technical Analysis
* Preference:
A buy trade is envisaged if price trades above 1.09721 with take profit at 1.09919
* Alternative scenario:
A sell trade is envisaged if price trades below 1.09478 with take profit at 1.09264
* Fundamentals:
No major economic data with direct bearing on the currency pair
Comment: The common currency has been on a front foot against the Greenback, taking full advantage of the current weakness in the later. The pair is currently testing a verified resistance with a breakout to the upside envisaged.
Analysis: Education Team
