Instrument: EURUSD
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above price 1.18552 with take profit at price 1.18667.
Bearish Preference:
A sell position is envisaged if price trades below price 1.18148 with take profit at price 1.18041.
Fundamentals:
EUR 10:30 AM ECB President Lagarde speaks
USD 1:30 PM PPI
Comment: The dollar edged higher Friday, set for a winning week as traders reassess the likely timing of the start of the Federal Reserve’s stimulus withdrawal helped by concerns about the strength of the global recovery, while the euro received minimal support from the European Central Bank.
Analysis: SCRUM Team