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Daily Market Analysis 13.04.2022: EURUSD

Instrument: EURUSD

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 1.08549 with take profit at 1.08799
Bearish Preference: 
Sell position is envisaged if price trades below 1.07915 with take profit at 1.07650  
Fundamentals:
1:30pm    USD PPI m/m

Comment: 
Hopes for a prompt end to the war in Ukraine received a blow late Tuesday after Russian President Vladimir Putin vowed to continue the invasion, stating that peace talks with Ukraine were “at a dead end,” while suggesting the seven-week offensive is going to plan.

Analysis: SCRUM Team

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