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Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.18870 with take profit at 1.19008.
Bearish Preference:
Sell position is envisaged if price trades below 1.18291 with take profit at 1.18133.
Fundamentals:
USD 1:30 PM Unemployment Claims
3:30 PM ISM Manufacturing PMI
Comment: The Federal Reserve’s hawkish shift in June continues underpinning the dollar, and Dallas Fed President Robert Kaplan’s latest comments served as a reminder of this change. Kaplan wants to begin reducing the bank’s $120 billion/month bond-buying program. He used to be the lone voice supporting tighter policy, but he was joined by others, most recently Christopher Waller earlier this week.
Analysis: SCRUM Team
