Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.18131 with take profit at 1.18204.
Bearish Preference:
Sell position is envisaged if price trades below 1.17902 with take profit at 1.17799.
Fundamentals:
3:00pm USD CB Consumer Confidence
Comment: U.S. stocks are seen opening lower Tuesday, retreating from record highs ahead of the start of the latest Federal Reserve meeting and quarterly results from several massive tech companies. Aside from earnings, the Federal Reserve starts its latest two-day policy meeting later Tuesday. Investors will be looking for clues as to the thinking of the policymakers over when to start scaling back the central bank’s massive bond-buying program.
Analysis: SCRUM Team