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Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.12446 with take profit at 1.12735.
Bearish Preference:
Sell position is envisaged if price trades below 1.12076 with take profit at 1.11887.
Fundamentals:
10:00am USD ISM Manufacturing PMI
Comment:
Following Monday’s talks, delegations from Russia and Ukraine announced that they will meet again for the second round of “peace talks.” On Monday, ECB policymaker Fabio Panetta argued that it would be unwise to pre-commit on future policy steps with the Russia-Ukraine war intensifying uncertainty. On Wednesday, FOMC Chairman Jerome Powell will testify before the US Senate Banking Committee and his prepared remarks are expected to be released on Tuesday.
Analysis: SCRUM Team
