Instrument: EURUSD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 1.11026 with take profit at 1.11198.
Bearish Preference:
A Sell position is envisaged if price trades below 1.10741 with take profit at 1.10587.
Fundamentals:
2:30pm USD Unemployment Claims
4:00pm USD Fed Chair Powell Testifies USD ISM Services PMI
Comment:
ADR reported on Thursday fourth quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations. CRH ADR shares are down 16.06% from the beginning of the year, still down 18.74% from its 52 week high of $54.54 set on January 4. They are under-performing the EUR/USD which is down 0% from the start of the year.
Analysis: SCRUM Team
