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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 11694.72 with take profit at 11729.32
Bearish Preference:
Sell position is envisaged if price trades below 11593.38 with take profit at 11567.85
Fundamentals:
No high impact fundamental
Comment:
The U.S. dollar was firmly higher against major currencies on Monday, as rising COVID-19 cases in China led to new restrictions there and weighed on global investor sentiment. A fall in the U.S. inflation rate last month has driven bets that the U.S. Federal Reserve will slow down its interest rate hikes.
Analysis: SCRUM Team
