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Instrument: EURUSD
Bullish Preference:
A Buy position is envisaged if the price trades above 1.09675 With take profit at 1.09808.
Bearish Preference:
A Sell position is envisaged if the price trades below 1.09292 with take profit at 1.09157.
Fundamentals:
1:30 pm
USD Core PCE Price Index m/m
USD Employment Cost Index q/q
3:00 pm
USD Revised UoM Consumer Sentiment
Comment:
The European Central Bank raised its key deposit rate by 25 basis points to 3.75% Thursday, its ninth increase in a row, as expected, as it continued to battle persistent inflation. The U.S. dollar edged higher in early European trade Friday, adding to the previous session’s strong gains
Analysis: SCRUM Team
