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Instrument: EURUSD
Bullish Preference:
A buy position is envisaged if the price trades above 1.08236 with take profit at 1.08308.
Bearish Preference:
A sell position is envisaged if the price trades below 1.07978 with take profit at 1.07922.
Fundamentals:
No High Impact
Comment:
The dollar slid from a 12-week peak on Monday as traders weighed U.S. and European central bankers’ monetary options after last week’s Jackson Hole meeting, while Beijing’s decision to halve stamp duty on stock trading helped to lift the euro.
Fed Chair Jerome Powell told the annual Jackson Hole Economic Policy Symposium the central bank may need to lift interest rates further to finish the job of lowering inflation on a sustained basis.
Analysis: SCRUM Team
