Instrument: EURUSD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 1.00235 with take profit at 1.00368
Bearish Preference:
A Sell position is envisaged if price trades below price 0.99783 with take profit at 0.99638
Fundamentals:
None with high impact
Comment:
The U.S. dollar climbed to fresh highs Monday, with Federal Reserve policymakers retaining a hawkish stance over monetary policy ahead of the central bank’s key Jackson Hole symposium later this week. At 2:55 ET (06:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher to 108.160, after climbing earlier Monday as high as 108.26 for the first time since July 15.
Analysis: SCRUM Team
