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Instrument: EURUSD
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above price 1.21443 with take profit at 1.21526
Bearish Preference:
A sell position is envisaged if price trades below 1.21275 with a take profit at 1.21162
Fundamentals:
EUR. Eurogroup Meetings ( All Day)
USD. Bank Holiday
Comment: It’s a relatively busy day ahead on the EUR economic calendar.
Key stats include December industrial production and trade data for the Eurozone. Following some disappointing industrial production figures from member states, we can expect plenty of interest in the numbers. Trade data will need to provide support, however, as the Eurozone continues to struggle amidst COVID-19 containment measures.
Analysis: SCRUM Team
