Instrument: FRA 40
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 7302.5 with take profit at 7325.0.
Bearish Preference:
A sell position is envisaged if the price trades below 7250.2 with take profit at 7222.3.
Fundamentals:
2:00pm EUR ECB President Lagarde Speaks
Comment:
European stock markets are expected to open in a cautious manner Monday as investors focus on future central bank policies and more economic data. There’s also been a slight pullback in expectations for further tightening after last week’s data showed eurozone CPI cooling more than expected.
Analysis: SCRUM Team