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Instrument: EURUSD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 1.15696 with take profit at 1.15776.
Bearish Preference:
A Sell position is envisaged if price trades below price 1.15402 with take profit at 1.15322.
Fundamentals:
10:00am EUR ZEW Economic Sentiment EUR German ZEW Economic Sentiment
3:00pm USD JOLTS Job Openings
4:15pm USD FOMC Member Clarida Speaks
6:01pm USD 10-y Bond Auction
Comment: The EUR/USD pair kicked off the new week on a downbeat note and reversed its modest gains recorded on Friday following the release of the US monthly jobs report. The downfall was exclusively sponsored by the emergence of fresh buying around the US dollar, which continued drawing support from expectations for an early policy tightening by the Fed. Despite disappointing headline NFP print, investors seem convinced that the Fed remains on track to begin rolling back its massive pandemic-era stimulus by the end of 2021
Analysis: SCRUM Team
