fbpx ...

Daily Market Analysis 10/11/2021: EURUSD

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

Leave a Comment

Your email address will not be published. Required fields are marked *

×
Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Compare
Wishlist 0
Open wishlist page Continue shopping
Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.