Skip to content 
Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.03994 with take profit at 1.04119
Bearish Preference:
Sell position is envisaged if price trades below 1.03663 with take profit at 1.03561
Fundamentals:
No Major Fundamental
Comment:
The U.S. dollar edged lower in early European trade Friday, but remained near a 20-year high with Federal Reserve Chair Jerome Powell largely cementing the likelihood of further hefty interest rate rises to combat stubbornly high U.S. inflation.
Analysis: SCRUM Team
