Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.11412 with take profit at 1.11519 .
Bearish Preference:
Sell position is envisaged if price trades below 1.11025 with take profit at 1.10925
Fundamentals:
1:15pm USD ADP Non-Farm Employment Change
Comment:
The U.S. dollar weakened Wednesday as signs of progress in the peace talks between Ukraine and Russia boosted risk sentiment to the detriment of this safe haven and the benefit of the euro, while the Japanese yen recovered on fears of official intervention.
Analysis: SCRUM Team