Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.17279 with take profit at 1.17374.
Bearish Preference:
Sell position is envisaged if price trades below 1.17197 with take profit at 1.17076.
Fundamentals: No Major Fundamentals
Comment: The dollar edged lower in early European trade Tuesday, slipping from a month high, ahead of the start of this week’s crucial Federal Reserve meeting, European markets are expected to open higher Tuesday, rebounding from the previous session’s sharp losses, although worries remain about the contagion risks associated with property giant China Evergrande Group.
Analysis: SCRUM Team