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Daily Market Analysis 11.09.2023: FRA.40

Instrument: FRA. 40

Bullish Preference: 
A buy position is envisaged if the price trades above 7331.0 with take profit at 7361.3.
Bearish Preference: 
A sell position is envisaged if the price trades below 7289.7 with take profit at 7264.9.
Fundamentals:
None with High Impact

Comment: 
European stock markets traded higher Monday, with investors cautiously awaiting the latest policy-setting meeting by the European Central Bank later in the week.The ECB has raised rates at each of its past nine meetings and policymakers are now debating whether to raise the deposit rate again, to 4%, or pause.

Analysis: SCRUM Team

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