Skip to content 
Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.18366 with take profit at 1.18479.
Bearish Preference:
Sell position is envisaged if price trades below 1.18209 with take profit at 1.18107.
Fundamentals:
1:30pm USD CPI m/m
USD Core CPI m/m
Comment: The Euro has given away some of its gains against the US Dollar after breaking out of a descending channel at the end of August and is now just hovering above the 1.18 mark. Despite the pullback, EUR/USD remains stuck in a range between its moving averages, with the shorter-dated 20- and 50-day SMAs offering support around 1.1800/15 and the longer-dated 50- and 100-day SMAs showing some resistance above 1.19.
Analysis: SCRUM Team
