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Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.04241 with take profit at 1.04394
Bearish Preference:
Sell position is envisaged if price trades below 1.03883 with take profit at 1.03770
Fundamentals:
No Major Fundamental
Comment:
European stock markets are expected to open marginally higher in subdued trading Thursday, as investors digest the minutes from the latest Federal Reserve meeting as well as news of fresh stimulus from China. The minutes from the early November FOMC meeting increased the prospect of the Federal Reserve easing the pace of its aggressive interest rate hikes going forward, helping the main equity indices on Wall Street close higher Wednesday, the day before the Thanksgiving holiday.
Analysis: SCRUM Team
