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Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.05363 with take profit at 1.05499
Bearish Preference:
Sell position is envisaged if price trades below 1.05038 with take profit at 1.04918
Fundamentals:
1:15pm USD ADP Non-Farm Employment Change
7:00pm USD FOMC Statement
USD Federal Funds Rate
7:30pm USD FOMC Press Conference
Comment:
The European Commission proposed on Wednesday to remove Russia’s biggest bank Sberbank (MCX:SBER) and two other banks from the international SWIFT transaction and messaging system as part of a sixth sanctions package to punish Moscow over its war in Ukraine. The Commission head Ursula von der Leyen also put forward plans to ban three Russian state-owned broadcasters and, most importantly, the bloc will stop importing Russian oil and refined products.
Analysis: SCRUM Team
