Instrument: EURUSD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 1.10397 with take profit at 1.10516.
Bearish Preference:
A Sell position is envisaged if price trades below 1.09959 with take profit at 1.09779.
Fundamentals:
2:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment:
The Euro has been one of the worst performers among global currencies during the early stages of the Ukraine war, sliding 3.7% against the dollar over the past month to as low as 91. 1010 on Friday, Traders have sold the shared currency as the welter of sanctions placed on Russia look to hurt the economies of the European nations most interlinked with Moscow
Analysis: SCRUM Team
