Skip to content 
Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.07407 with take profit at 1.07498
Bearish Preference:
Sell position is envisaged if price trades below price 1.07264 with take profit at 1.07185
Fundamentals:
No Major Fundamental
Comment:
The euro hit a seven-year peak against the yen on Wednesday ahead of a European Central Bank (ECB) rate-setting meeting on Thursday that is likely to leave the Bank of Japan (BoJ) standing alone with ultra-loose monetary policy. The yen has now fallen for 10 consecutive trading sessions against the euro, its longest losing streak in eight months, and reached a seven-year low of 142.84 per euro in early European trade.
Analysis: SCRUM Team
