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Intraday: Bullish
Technical Analysis
Preference:
Buy position is envisaged if price trades above 0.64822 with TP at 0.65189.
Alternative scenario:
Sell position is envisaged if price trades below 0.64455 TP at 0.64203.
Fundamentals:
CB Consumer Confidence (USD) 3:00pm
Comment: Technically, on the H1 time frame we have seen that the pair has been making higher highs, we expect the instrument to break the current resistance it is on and settle higher. Looking fundamentally the consumer confidence can further dampen the dollar woos if report comes out negative, but a buy is advisable pending the release of the data.
Analysis: SCRUM Team
