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Instrument: EURUSD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 1.03393 with take profit at 1.03600.
Bearish Preference:
A Sell position is envisaged if price trades below price 1.02905 with take profit at 1.02692.
Fundamentals:
No major fundamental
Comment:
European stock markets are expected to trade in a mixed fashion at the open Monday, starting the new week on a cautious note amid doubts about the region’s economic recovery. Fed Governor Christopher Waller attempted to rein in the optimism on the Dollar, saying the markets shouldn’t get carried away over just one “data point,” adding the Fed may consider slowing the pace of rate increases at its next meeting but that should not be seen as a “softening” of its battle against inflation.
Analysis: SCRUM Team
