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Instrument: USDIDX
Bullish Preference:
Buy position is envisaged if price trades above 104.442 with take profit at 104.589.
Bearish Preference:
Sell position is envisaged if price trades below 104.290 with take profit at 104.175.
Fundamentals:
2:30pm
USD Unemployment Claims
Comment:
The dollar held its ground on Thursday after a volatile two days that saw sharp declines followed by a rebound as traders took incoming economic data as signaling the Federal Reserve will wait longer before cutting interest rates.
Analysis: SCRUM Team
