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Intraday: Bearish
* Technical Analysis
* Preference: A Sell position is envisaged if trades below 1.09496 with take profit at 1.09400
* Alternative scenario: A Buy position is envisaged if price trades above 1.09545 with take profit at 1.09600
* Fundamentals:
USD Core Retail Sales m/m
USD Retail Sales m/m
USD Empire State Manufacturing Index
USD Capacity Utilization Rate
USD Industrial Production m/m
Comment: The U.S. dollar has pushed higher in European trade Wednesday, in a delayed reaction to chilling estimates of the Covid-19 pandemic’s impact on the world economy. Despite the selling pressure surrounding the greenback in the second half of the day, the EUR/USD pair continues to trade well above recent expectations
Analysis: SCRUM Team
