fbpx

Daily Market Analysis 22|12|2020: EURUSD

Instrument: EURUSD

Technical Analysis
Bullish Preference: 
Buy position is envisaged if price trades above 1.22317 with a take profit 1.22499.
Bearish Preference: 
Enter a Sell position if price trades below 1.21996 with take profit at 1.21841.

Fundamentals:
 2:30 pm USD Final GDP q/q

Comment:  The buck gained some strength yesterday and this is due to the passage of the $900 billion stimulus package. With this stimulus package every American would be getting a cheque of $600 to spend for the festive period is this a good macro economic booster and may help jump start the U.S economy. Technically the pair has seen a string of bullish candles on the weekly and still looks bullish for now, a weak sell could be in play before the major bullish run.

Analysis: SCRUM Team

Leave a Comment

Your email address will not be published. Required fields are marked *

×
Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Compare
Wishlist 0
Open wishlist page Continue shopping