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Instrument: US30
Intraday: Bullish
Technical Analysis
Preference:
Buy position is envisaged if price trades above 26358 with take profit at 26427.
Alternative scenario:
Sell position is envisaged if price trades below 26271 with take profit at 26196.
Fundamentals:
7:00pm USD FOMC Statement Federal Funds Rate
Comment: The US seems to be in a race to complete details of a $1 trillion coronavirus rescue package before the enhanced unemployment benefits expire on Friday. Therefore Price is expected to continue its bullish run after bouncing off a support.
Analysis: SCRUM Team
