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Daily Market Analysis 13.12.2023: EURUSD

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Instrument: EURUSD

Bullish Preference:   
Buy position is envisaged if price trades above 1.07907 with take profit at 1.07941
Bearish Preference:  
Sell position is envisaged if price trades  below 1.07717 with take profit at 1.07677
Fundamentals:
2:30pm         USD Core PPI m/m
                     USD PPI m/m
8:00pm        USD Federal Funds Rate
     USD FOMC Economic Projection
            USD FOMC Statement
8:30pm         USD FOMC Press Conference

Comment: 
The U.S. dollar edged higher in early trade Wednesday, boosted by sticky inflation ahead of the latest Fed meeting, while sterling is hit by weak growth numbers.

However, recent signs have pointed to a soft landing, as the Federal Reserve meets for the final time this year, concluding later today.

Analysis: SCRUM Team

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