Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.07197 with take profit at 1.07329
Bearish Preference:
Sell position is envisaged if price trades below price 1.06877 with take profit at 1.06740
Fundamentals:
12:45pm EUR Main Refinancing Rate
EUR Monetary Policy Statement
1:30pm EUR ECB Press Conference
Comment:
The U.S. dollar and the euro stabilized in early European trade Thursday, with traders cautious ahead of a widely-anticipated meeting of the European Central Bank which should signal the tightening of its monetary policy. The central bank is widely expected to announce the end of its long-running asset purchase program, while also paving the way for a first increase in interest rates in more than a decade next month.
Analysis: SCRUM Team