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Daily Market Analysis 14|04|2020: EURUSD

1 Comment / Daily Analysis, Online Education / By

Intraday: Bullish

* Technical Analysis

* Preference: 
A Buy position is envisaged if price trades above 1.09402 with take profit at 1.09611

* Alternative scenario: 
A Sell position is envisaged if price trades below 1.09197 with take profit at 1.08982

* Fundamentals:
No major economic data with direct bearing on the currency pair

Comment: EUR/USD is gaining ground as measured optimism stemming from signs of peaking in the coronavirus outbreak is weighing over the safe-haven US dollar 

Analysis: SCRUM Team

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