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Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.05777 with take profit at 1.05890
Bearish Preference:
Sell position is envisaged if price trades below 1.05367 with take profit at 1.05297
Fundamentals:
1:30pm USD CPI m/m
USD Core CPI m/m
Comment:
European stock markets traded higher Wednesday, helped by solid corporate earnings and ahead of the release of key U.S. inflation data which could influence how aggressively the Federal Reserve raises interest rates.
Analysis: SCRUM Team
