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Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 0.97730 with take profit at 0.97903
Bearish Preference:
Sell position is envisaged if price trades below 0.97309 with take profit at 0.97177
Fundamentals:
1:30pm USD Empire State Manufacturing Index
Comment:
Dollar bulls appear to be pausing for breath after last week’s red-hot U.S. inflation print reinforced bets of another aggressive rate hike at the next FOMC meeting in early November.
Analysis: SCRUM Team
