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Instrument: EURUSD
Bullish Preference:
Buy position is envisaged if price trades above 1.06398 with take profit at 1.06540.
Bearish Preference:
Sell position is envisaged if price trades below 1.06184 with take profit at 1.06050.
Fundamentals:
1:30pm
USD Core CPI m/m
USD CPI m/m
USD CPI y/y
USD Unemployment Claims
Comment:
Markets wagered that U.S. rates have peaked after more dovish remarks from Federal Reserve officials, while traders awaited the U.S. consumer inflation report due later in the day for further monetary policy clues.
NATO will discuss damage to a gas pipeline and data cable running between member states Finland and Estonia, and will mount a “determined” response if a deliberate attack is proven, NATO Secretary General Jens Stoltenberg said on Wednesday.
Analysis: SCRUM Team
