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Instrument: EURUSD
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 1.10311 with take profit at 1.10414.
Bearish Preference:
A sell position is envisaged if the price trades below price 1.10082 with take profit at 1.09945.
Fundamentals:
1:30pm
USD Core Durable Goods Orders m/m
USD Durable Goods Orders m/m
Comment:
The U.S. dollar edged lower in early European trade Wednesday, handing back some of its sharp overnight gains which were prompted by continuing concerns about an economic slowdown and the health of the U.S. banking system.
Analysis: SCRUM Team
