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Daily Market Analysis 12|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.21507 with take profit at 1.21687. Bearish Preference: Sell position is envisaged if price trades below 1.21203 with take profit at 1.21017. Fundamentals:1:30 pm USD CPI m/m              USD Core CPI m/m Comment: The dollar edged higher in early European trade Wednesday, …

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Daily Market Analysis 11|05|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.41305 with take profit at 1.41537. Bearish Preference: Sell position is envisaged if price trades below 1.40899 with take profit at 1.40663. Fundamentals:3:30 PM    GBP    BOE Gov Bailey Speaks Comment: The dollar was up on Tuesday morning in Asia, but gains were capped by expectations that …

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