Skip to content 
Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.09725 with take profit at 1.09840
Bearish Preference:
Sell position is envisaged if price trades below 1.09367 with take profit at 1.09196.
Fundamentals:
No Major Fundamental
Comment:
With nothing substantial on the economic calendar today, we look ahead with anticipation to U.S. and Euro zone inflation data (see economic calendar below). With forecasts markedly higher for both regions, we may see further appreciation for the dollar and Euro respectively. This being said, with inflationary pressure mounting in the Euro zone due to the war in Ukraine, markets have been pricing in this higher figure for some time. A release in line with expectations may see a muted reaction in terms of Euro upside with a miss resulting in significant downside.
Analysis: SCRUM Team
