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Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.13271 with take profit at 1.13369.
Bearish Preference:
Sell position is envisaged if price trades below 1.13092 with take profit at 1.12997.
Fundamentals:
No Major Fundamental
Comment: The dollar edged higher in early European trade Thursday, but remained near the bottom of its recent range in holiday-thinned volumes as fears over the Omicron Covid-19 variant continued to subside. the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 96.105, helped by rising U.S. Treasury yields, with benchmark 10-year yields hitting 1.56% on Wednesday, the highest since late November.
Analysis: SCRUM Team
