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Instrument: US100
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 12388.23 with take profit at 12401.71
Bearish Preference:
A Sell position is envisaged if the price trades below 12324.44 with take profit at 12308.27
Fundamentals:
No major fundamental
Comment:
The dollar rose to a six-week high on Friday as strong U.S. economic data and comments from Federal Reserve officials led to traders betting more interest rate rises are coming.
Analysis: SCRUM Team
