Skip to content 
Instrument: EURUSD
Intraday: BULLISH
Technical Analysis
Preference:
Buy position is envisaged if price trades above 1.19662 with take profit at key level 1.20381
Alternative scenario:
Sell if price trades below 1.19406 with take profit at 1.19236
Fundamentals:
ISM Manufacturing PMI
Comment: The USD saw a record drop in price among major currency pairs as Feds chair’s speech Mr. Powell failed to assure investors that an increase in interest rates would come sooner than later, with interest rates at all time low and inflation rates are yet to spike up. Investors are pessimistic on the dollar, hence the fall of the buck.
Analysis: SCRUM Team
