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Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.19025 with take profit at 1.19177.
Bearish Preference:
Sell position is envisaged if price trades below 1.18812 with take profit at 1.18692.
Fundamentals:
7:00 pm USD Fed Chair Powell Testifies
Comment: All eyes are on Fed chief Jerome Powell who appears before U.S. Congress from 1800 GMT, although investors were also starting to square up positions ahead of the start of the second half of the year.
In currency markets, the dollar was edging higher again after gaining sharply last week in the wake of the Fed’s policy surprise.
Analysis: SCRUM Team
