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Intraday: Bullish
Technical Analysis
Preference:
Buy position is envisaged if price trades above 1.41555 with take profit at 1.41906
Alternative scenario:
Sell position is envisaged if price trades below 1.41094 with take profit at 1.40676
Fundamentals:
No major economic data expected today
Comment: The pair has established an uptrend on the hourly chart and the continuation will be confirmed once the instrument makes a high above 1.41511. The greenback is currently supported by the re-emergence of another phase of tension between the US and China.
Analysis SCRUM Team
