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Instrument: EURUSD
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 1.10056 with take profit at 1.10252.
Bearish Preference:
A sell position is envisaged if the price trades below price 1.09849 with take profit at 1.09710.
Fundamentals:
1:30PM USD Empire State Manufacturing Index
Comment:
The U.S. dollar edged higher in early European trade Monday, bouncing off last week’s one-year low after strong earnings from some of Wall Street’s banking giants diluted concerns about the sector, raising expectations of another interest rate hike by the Federal Reserve.
Analysis: SCRUM Team
