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Instrument: EURUSD
Intraday: BULLISH
Technical Analysis
Preference:
Buy position is envisaged if price trades above key level at 1.18358 with take profit at 1.18902
Alternative scenario:
Sell position is envisaged if price trades below 1.17658 with take profit at key level 1.16928
Fundamentals:
10am ISM Non-Manufacturing PMI USD
Comment: This pair got rejected after it hit a new higher high at 1.2000 and most buyers closed out on their long positions. However, this pair was unable to break below the bullish structure or support level so it is envisaged to trade higher today.
Analysis: SCRUM Team
