Instrument: EURUSD
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 1.10228 with take profit at 1.10364.
Bearish Preference:
A sell position is envisaged if the price trades below 1.09889 with take profit at 1.09752.
Fundamentals:
None with High Impact
Comment:
The U.S. dollar edged higher in early European trade Monday but was on track for a second straight monthly loss ahead of the release of more economic data which is likely to shed more light on the future path of interest rates.
Analysis: SCRUM Team