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Instrument: EURUSD
Bullish Preference:
A buy position is envisaged if the price trades above 1.09822 With Take profit at 1.09866
Bearish Preference:
A sell position is envisaged if the price trades below 1.09571 with Take profit at 1.09511
Fundamentals:
No high impact bearing to this instrument
Comment:
European stock markets traded higher Wednesday, as investors attempted to recoup recent losses while digesting more quarterly corporate earnings. Sentiment has been boosted in Europe Wednesday by gains in the banking sector, bouncing after the previous session’s sharp losses on the surprise announcement by the Italian government of a 40% windfall tax on its lenders, which helped drag the wider European stock markets sharply lower.
Analysis: SCRUM Team
