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Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 0.99309 with take profit at 0.99466
Bearish Preference:
Sell position is envisaged if price trades below 0.98966 with take profit at 0.98812
Fundamentals:
None with high impact
Comment:
Consumer prices in the Eurozone touched a new record high for the twelfth straight month, according to a flash estimate from the European Union’s statistics office, driven by a continued spike in energy costs. Annual inflation in the currency area jumped 10.7% in October, rising from the prior level of 9.9% and above economists’ estimates of 10.2%.
Analysis: SCRUM Team
