Instrument: EURUSD
Intraday: Bullish
Technical Analysis
Preference:
Buy position is envisaged if price trades above 1.14846 with take profit at 1.15352.
Alternative scenario:
Sell position is envisaged if price trades below 1.14260 with take profit at 1.13794.
Fundamentals:
EU Economic Summit (EUR) All-day
Comment: The pair is currently trading on an upward channel on the daily chart supporting the possibility of advancement this week. The common currency is supported by optimism on a potential agreement for a massive recovery fund for the region with reports suggesting all parties are now in support of the fund.
Analysis: SCRUM Team
