Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.16100 with take profit at 1.16181.
Bearish Preference:
Sell position is envisaged if price trades below 1.15937 with take profit at 1.15864
Fundamentals:
1:30pm USD Core Retail Sales
USD Retail Sales m/m
Comment: The dollar was slightly lower in early trade in Europe on Friday, after a strong rebound in risk appetite on Thursday supported higher-yielding currencies against safe havens. The EUR/USD also traded back above $1.16 for the first time in 10 days.
Analysis: SCRUM Team