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Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.13874 with take profit at 1.14005
Bearish Preference:
Sell position is envisaged if price trades below 1.13561 with take profit at 1.13432 .
Fundamentals:
Day 2 All G20 Meetings 4:45pm
USD FOMC Member Waller Speaks
Comment:
European stock markets are expected to open higher Friday after Russia and the U.S. agreed to meet next week, raising hopes that the two can reach a diplomatic solution to the Ukraine crisis and avoid conflict. This follows the ramping up of tensions after both the Ukrainian government forces and Moscow-backed rebels accused each other of breaking cease-fire rules, potentially creating the excuse for Russia to invade.
Analysis: SCRUM Team
