Skip to content 
Intraday: Bullish
Technical Analysis
Preference:
A Buy is in order if prices trade above 1.12993 with take profit at 1.13330.
Alternative scenario:
Sell is in order if price trades below 1.12627 with take profit at 1.12189.
Fundamentals:
5:00pm USD Fed Chair Powell Testifies
Comment: The dollar drifted lower in early European trade Wednesday, but ranges are tight as investors try to digest a combination of upbeat economic data, a gloomy prognosis from the Federal Reserve chairman, worries about a second Covid-19 wave and diplomatic tensions in Asia.
Analysis: SCRUM Team
