Daily Market Analysis 15/10/2021: EURUSD

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