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Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.06976 with take profit at 1.07071
Bearish Preference:
Sell position is envisaged if price trades below price 1.06777 with take profit at 1.06646
Fundamentals:
1:15pm USD ADP Non-Farm Employment Change
1:30pm USD Unemployment Claims
6:00pm USD FOMC Member Mester Speaks
Comment:
Jobs Openings, Manufacturing PMI Data in Focus U.S. stocks are seen opening in a muted fashion Wednesday, with investors looking to the economic data dump later in the session for direction. The main indices on Wall Street closed lower Tuesday, unable to sustain last week’s rally amid concerns over soaring inflation, not helped by the Eurozone reporting a record rise in CPI in May and oil prices climbing for the sixth straight month.
Analysis: SCRUM Team
