Instrument: EURUSD+
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 1.06629 with take profit at 1.06769
Bearish Preference:
A Sell position is envisaged if the price trades below 1.06323 with take profit at 1.06168
Fundamentals:
No Major Fundamental
Comment:
The U.S. dollar rose in early European trade Thursday, regaining its firm footing, while the euro slipped ahead of key Eurozone inflation data. The dollar has been supported by higher U.S. Treasury yields, helping the greenback rebound after logging sharp overnight losses. While a lot of attention on the preliminary Eurozone consumer price index for February later in the session, with median forecasts pointing to an annual figure of 8.2%, a drop from 8.6% the prior month.
Analysis: SCRUM Team
