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Instrument: FRA. 40
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 7272.2 with take profit at 7288.6.
Bearish Preference:
A sell position is envisaged if the price trades below 7242.6 with take profit at 7231.3.
Fundamentals:
None with High Impact
Comment:
European stock markets drifted higher Monday, at the start of a week dominated by a series of key central bank meetings in the U.S., Asia and Europe. Investors are focusing on monetary decisions this week from three major central banks – the Federal Reserve, the European Central Bank and the Bank of Japan – given there is little in the way of major earnings or economic data due.
Analysis: SCRUM Team
