Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.18720 with take profit at 1.18820 Alternative scenario: Sell position is envisaged if price trades below 1.18560 with take profit at key level at 1.18460 Fundamentals:8:30 am EUR German Flash Services PMI …
Instrument: GOLD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1902.51 with take profit at key level 1859.51 Alternative scenario: Buy if price trades above 1949.19 with take profit at 1986.04 Fundamentals:1:30pm USD CPI m/mUSD Core CPI m/m Comment: Gold fell sharply on Wednesday morning in Asia, continuing losses from the previous sessions in …
Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.17356 with take profit at 1.18290. Alternative scenario: Sell position is envisaged if price trades below 1.16712 with take profit at 1.15987. Fundamentals:Core Durable Goods Orders m/m (USD) 1:30 PMDurable Goods Orders m/m (USD) 1:30 PM Comment: The pair crossed the 1.17 price mark …
Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.14944 with take profit at key level 1.15376. Alternative scenario: Sell if price trades below 1.14511 with take profit at 1.13908. Fundamentals:No Fundamentals. Comment: The EU passed a post pandemic stimulus plan for their corona-virus-hit economies on Tuesday after a fractious summit that lasted …
Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.13061 with take profit at 1.13404. Alternative scenario: Sell position is envisaged if price trades below 1.12562 with take profit at 1.12366. Fundamentals:No major economic data with direct bearing on the currency pair. Comment: The resurgence in the number of infections worldwide is dampening …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.13293 with take profit at 1.13446. Alternative scenario: Sell if price trades below 1.12982 with take profit at 1.12784. Fundamentals:No major economic data with direct bearing on the currency Comment: The dollar weakened in early European trade Wednesday, with traders seeking riskier currencies. These moves came …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 121.257 with take profit at key level 121.889. Alternative scenario: Sell if price trades below 120.755 with take profit at 120.574. Fundamentals:German Flash Manufacturing PMI 8:30am (EUR)German Flash Service PMI 8:30am (EUR)French Flash Manufacturing PMI 8:15 am(EUR) Comment: The euro saw a string of positive news this morning …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.12066 with take profit at 1.12443. Alternative scenario: Sell position is envisaged if price trades below 1.11521 with take profit at 1.111205. Fundamentals:No major economic data with direct bearing on the currency pair. Comment: The common currency lost ground last week owing to the failure of the European Union leaders …
Intraday: Bullish Technical Analysis Preference: A Buy is in order if prices trade above 1.12993 with take profit at 1.13330. Alternative scenario: Sell is in order if price trades below 1.12627 with take profit at 1.12189. Fundamentals:5:00pm USD Fed Chair Powell Testifies Comment: The dollar drifted lower in early European trade Wednesday, but ranges are tight as investors …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.12703 with take profit at 1.12256. Alternative scenario: Buy position is envisaged if price trades above 1.13223 with take profit at 1.13699. Fundamentals:ECB President Lagarde Speaks (EUR) 2:45 PM Comment: The common currency benefited from the decision of the European Central Bank (last week) to increase bond purchases to help the weakest economies …
