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Instrument: EURUSD
Bullish Preference:
Buy position is envisaged if price trades above 1.07651 with take profit at 1.07899
Bearish Preference:
Sell position is envisaged if price trades below 1.07202 with take profit at 1.0691
Fundamentals:
None with High Impact
Comment:
The Euro (EUR) traded mostly bearish against the Pound Sterling on the back of a missed US Nonfarm Payrolls (NFP) report sparked risk appetite for investors heading into the eleventh hour.
The U.S. dollar extended its decline on Monday, having fallen by the most since July last week after the Federal Reserve dialled down its hawkish rhetoric and U.S. data showed signs of moderation.
Analysis: SCRUM Team
