Skip to content 
Instrument: EURUSD
Bullish Preference:
A buy position is envisaged if the price trades above 1.07506 with take profit at 1.07627.
Bearish Preference:
A sell position is envisaged if the price trades below 1.07221 with take profit at 1.07070.
Fundamentals:
None with High Impact
Comment:
If Federal Reserve officials want U.S. financial conditions to tighten enough to cool the economy and inflation without triggering a deep recession, they’re getting a strong helping hand right now from the dollar.The dollar’s momentum seems justified – U.S. economic data refuses to roll over, the rest of the world appears more fragile than the U.S., the dollar’s rate and yield advantage remains wide, and market positioning is still underweight.
Analysis: SCRUM Team
