Intraday: Bullish
Technical Analysis
Preference:
A buy if price trades above 1.08524 with take profit at 1.08817
Alternative scenario:
Sell at 1.08191 with take profit at 1.07872
Fundamentals:
1:30pm US Averag HourlyEarnings m/m
Non-Farm Employment Change
Unemployment Rate
Comment: The U.S. dollar weakened in early European trade Friday as the onslaught of grim economic numbers raised the specter of negative U.S. interest rates, undermining the yield advantage of holding dollar-denominated assets and with this prices are expected to push in favor of the Euro.
Analysis: SCRUM Team
