Instrument: EURUSD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 1.07453 with take profit at 1.07657
Bearish Preference:
A Sell position is envisaged if the price trades below 1.07028 with take profit at 1.06775
Fundamentals:
None with High Impact
Comment:
The U.S. authorities announced over the weekend that they would cover all depositors at Silicon Valley Bank after the lender failed last week, and the same for SignatureBank, which also collapsed over the weekend. The European Central Bank meets on Thursday and is still expected to hike interest rates by another 50 basis points after recent data showed that underlying inflation in the Eurozone remained elevated.
Analysis: SCRUM Team
