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Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.09966 with take profit at 1.10144
Bearish Preference:
Sell position is envisaged if price trades below 1.09703 with take profit at 1.09544
Fundamentals:
3:00pm USD ISM Services PMI
3:05pm USD FOMC Member Brainard Speaks
Comment:
The U.S. dollar traded in a tight range Tuesday, while the euro edged lower on talk of additional sanctions on Russia. The Instrument was largely unchanged at 1.0972, hovering above a one-week low, on talk of fresh sanctions on Moscow following alleged atrocities on civilians by Russian forces in the Ukrainian town of Bucha.
Analysis: SCRUM Team
