Analyst
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 1.11846 with take profit at 1.11994
Alternative scenario: Sell position is envisaged if price trades below 1.11534 with take profit at 1.11339.
ISM Non-Manufacturing PMI (USD) 4:00 pm
Comment: The buck has been fairly stable during the US/Iran tension, but investors are still on the edge as Iran has promised retaliation for the US killing their top army leader. On the other hand, the Euro seems to gain grounds and the CPI flash estimate could give it the much-needed steam to close the pair bullish for today.
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 0.66544 with take profit at 0.66727
Alternative scenario: Sell position is envisaged if price trades below 0.66315 with take profit at 0.66727.
ISM Non-Manufacturing PMI (USD) 4:00 pm
Comment: The buck has been fairly stable during the US/Iran tension, but investors are still on the edge as Iran has promised retaliation for the US killing their top army leader. Currently, on the hourly time frame, the pair is on a key support level, we expect the instrument to push upward for today.
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