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Daily Market Analysis 12/11/2021: EURUSD

Instrument: EURUSD

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 1.14594 with take profit at 1.14716
Bearish Preference: 
Sell position is envisaged if price trades below 1.14329 with take profit at 1.14180
Fundamentals:
4pm USD JOLTS Job Openings USD Prelim UoM Consumers Sentiments

Comment: The U.S. dollar headed for its best week in almost five months against major peers on Friday, amid bets for earlier Federal Reserve interest rate hikes after data this week showed the fastest U.S. inflation in three decades.

Analysis: SCRUM Team

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