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Instrument: EURUSD
Technical Analysis
Bearish Preference:
Sell is envisage if price trades below 1.19500 with take profit at 1.19360
Bullish Preference:
Buy is envisaged if price trades above 1.19837 with take profit at 1.20106
Fundamentals:
2:30pm USD Average Hourly Earnings
USD Non-Farm Employment Change
USD Unemployment Rate
Comment: EURUSD ended bearish yesterday breaking the the support at 1.20112. However, its sharp and rapid decline appears to be overdone as traders now look forward to the NFP and unemployment news as a major determinant of future price movement.
Analysis: SCRUM Team
