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Instrument: EURUSD
Bullish Preference:
A buy position is envisaged if the price trades above 1.09656 With take profit at 1.09812
Bearish Preference:
A sell position is envisaged if the price trades below 1.08885 with Take profit at 1.08756
Fundamentals:
7:00pm USD FOMC Meeting Minutes
Comment:
European stock markets stabilized Wednesday, with investors digesting better than expected U.K. inflation numbers, more corporate earnings as well as China’s deteriorating economic outlook.
Analysis: SCRUM Team
