Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.18177 with take profit at 1.18302.
Bearish Preference:
Sell position is envisaged if price trades below 1.17946 with take profit at 1.17807.
Fundamentals:
1:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment: The dollar was up on Friday morning in Asia in the run-up to the latest U.S. jobs report. The data could see the U.S. tighten its monetary policy earlier than Europe and Japan, where the prospect still remains distant. U.S. Federal Reserve Vice Chair Richard Clarida’s comments earlier in the week, where he said conditions for an interest rate hike could be met in late 2022, led to a sharper focus on the labor market’s recovery from COVID-19 and the U.S. jobs report, due later in the day.
Analysis: SCRUM Team
