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Instrument: EURUSD
Technical Analysis
Bearish Preference:
Sell is envisaged if price trades below 1.21062 with take profit at 1.20973.
Bullish Preference:
Buy is envisaged if price trades above 1.21348 with take profit at 1.21508.
Fundamentals:
USD Final Manufacturing PMI
USD ISM Manufacturing PMI
USD Construction Spending m/m
USD ISM Manufacturing Prices
USD FOMC Member Bostic Speaks
Comment: Technically, on the D1 we can see that EURUSD looks to break the 50 EMA which would turn the instrument bearish on a long term. Fundamentally we can see the USD PMI a leading indicator of the economic health in the US, a good data on the PMI would strengthen the buck.
Analysis: SCRUM Team
