Preference: Sell position is envisaged if price trades below 1.11233 with take profit at 1.11114
Alternative scenario: Buy position is envisaged if price trades above 1.11337 with take profit at 1.11508
No major economic data
Comment: EURUSD is currently seen trading closer to a support turn resistance and is not expected to break past this resistance at this attempt despite the current weakness in the greenback as a result of weak job data released last Friday. A bearish move on EURUSD is envisaged today.
Preference: Sell position is envisaged if price trades below 64.72 with take profit at 63.13
Alternative scenario: Buy position is envisaged if price trades above 65.12 with take profit at 66.00
No major economic data with direct bearing on the commodity
Comment: The commodity is envisaged to be pressured by the easing of the US-Iran tension. Disruption in supply from Iran has helped keep a global supply at bay aiding some bullish momentum on black gold.
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