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Intraday: Bullish
Technical Analysis
Preference:
A Buy is in order if prices trade above 0.64624 with take profit at 0.65055
Alternative scenario:
Sell is in order if price trades below 0.64347 with take profit at 0.63931.
Fundamentals:
Core Retail Sales m/m (USD) 1:30 pm
Retail Sale m/m (USD) 1:30 pm
Fed Chair Powell Testifies 3:00pm
Comment: Technically on the H1 there is bottom out on the bearish trend and we are either looking at a trend reversal or a minor retracement. The Fundamental news by 1:30 pm would have a major impact on the market direction for today.
Analysis: SCRUM Team
