Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.15566 with take profit at 1.15641.
Bearish Preference:
Sell position is envisaged if price trades below 1.15434 with take profit at 1.15349.
Fundamentals:
2:30pm USD CPI m/m
USD Core CPI m/m
Comment: With the Fed on a more aggressive tightening cycle, Larsen and von Gerich stick to their long-held view that the relative discrepancy policy-wise should lead to a stronger USD versus EUR. The Federal Reserve began tapering its bond-buying program at its last meeting, and now the main source of concern in the markets is when the central bank starts hiking interest rates.
Analysis: SCRUM Team