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Instrument: EURUSD
Bullish Preference:
A buy position is envisaged if the price trades above1.07201 with take profit at 1.07369
Bearish Preference:
A sell position is envisaged if the price trades below 1.06902 with take profit at 1.06754
Fundamentals:
2:30pm USD Unemployment Claims
8:00pm USD Fed Chair Powell Speaks
Comment:
Dollar steadies with Fed chief Powell set to speak again
The U.S. dollar edged lower in early European trade Wednesday, handing back some of the previous session’s gains, but activity is limited as traders look for more monetary policy cues from speeches by a series of central bankers, including Fed Chair Jerome Powell.
Analysis: SCRUM Team
