Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.09934 with take profit at 1.10010.
Bearish Preference:
Sell position is envisaged if price trades below 1.09771 with take profit at 1.09693.
Fundamentals:
3:00pm USD JOLTS Job Openings
USD CB Consumer Confidence
Comment:
European stock markets are expected to open marginally higher Tuesday ahead of the start of another round of peace talks between Ukraine and Russia in Turkey this week. EUR/USD rose 0.2% to 1.1000, benefiting slightly from the hope that peace talks due to start later Tuesday in Turkey could bring an end to the Ukraine/Russia war, which is now in its second month.
Analysis: SCRUM Team