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Instrument: EURUSD
Intraday: Bearish
Technical Analysis
Preference:
Sell position is envisaged if price trades below 1.12156 with take profit at 1.11944
Alternative scenario:
Buy position is envisaged if price trades above 1.12520 with take profit at 1.12762
Fundamentals:
NO New Fundamentals
Comment: The Greenback yesterday recording Thursday an addition of 4.8 million jobs in June and manufacturing activity rebounding more than expected, the economic signs suggest that the vast sums of money injected by the monetary and fiscal authorities around the world are bearing fruit hence sentiments is still very strong with the US
Analysis: SCRUM Team
