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Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.08339 with take profit at 1.08435
Bearish Preference:
Sell position is envisaged if price trades below 1.08057 with take profit at 1.07948
Fundamentals:
6:00pm USD Fed Chair Powell Speaks
Comment:
The Euro edged lower on Friday after European Central Bank officials made mixed comments, while expectations of a 50 basis points (bps) rate hike from the Federal Reserve supported the U.S. dollar.
Analysis: SCRUM Team
