Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.01964 with take Profit at 1.02225
Bearish Preference:
Sell position is envisaged if price trades below price 1.01137 with take Profit at 1.00847
Fundamentals:
1:30PM USD Non-Farm Employment Change.
Comment:
European stock markets edged slightly lower Friday, ending the week on a cautious note ahead of a speech by ECB President Christine Lagarde as well as the keenly-awaited U.S. monthly jobs report. A speech by European Central Bank head Christine Lagarde later in the session on the risks facing the global economy will be of great interest ahead of the central bank’s next meeting in which it is expected to lift interest rates.
Analysis: SCRUM Team