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Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.18509 with take profit at 1.18638.
Bearish Preference:
Sell position is envisaged if price trades below 1.18147 with take profit at 1.18013.
Fundamentals:
1:30 pm EUR ECB President Lagarde Speaks
USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment: The dollar has been supported over the last couple of days by strong U.S. employment data, bringing into question the assumption that U.S. interest rates can stay at ultra-low levels for years. Applications for U.S. state unemployment insurance fell last week by more than expected, according to data released Thursday, with initial jobless claims falling by 51,000 to 364,000, reaching a fresh pandemic low as the economy reopens.
Analysis: SCRUM Team
