Skip to content 
Instrument: EURUSD
Bullish Preference:
A Buy position is envisaged if the price trades above 1.05428 with take profit at 1.05514.
Bearish Preference:
A Sell position is envisaged if the price trades below 1.05344 with take profit at 1.05283.
Fundamentals:
1:30 pm
USD Unemployment Claims
5:00 pm
USD Fed Chair Powell Speaks
Comment:
The European Central Bank took a further step on Wednesday towards launching a digital version of the euro that would let people in the 20 countries that share the single currency make electronic payments securely and free of charge.
The ECB said it would start a two-year “preparation phase” for the digital euro on November 1, in which it would finalise rules, choose its private-sector partners and do some “testing and experimentation”.
This decision is a small step in a multi-year project, it sets the ECB ahead of the other central banks of the Group of Seven (G7) wealthy nations and it may constitute a blueprint for others to follow.
Analysis: SCRUM Team
