Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.18576 with take profit at 1.18669.
Bearish Preference:
Sell position is envisaged if price trades below 1.18347 with take profit at 1.18265.
Fundamentals:
No major fundamental.
Comment: European Central Bank President Christine Lagarde said on Sunday that the central bank will update its guidance on monetary stimulus at its next meeting, and indicated that fresh policy might be introduced in 2022 to support the European economy to replace the current “Pandemic Emergency Purchase Program”. That’s pushing back against warnings from the German-led bloc of ECB members who want the extraordinary level of stimulus to be wound down as soon as possible.
Analysis: SCRUM Team
