Analyst
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 1.10229 with take profit at 1.10369.
Alternative scenario: Sell position is envisaged if price trades below 1.10090 with take profit at 1.09904.
CB Consumer confidence (USD) 4:00 pm
Comment: Technically this instrument is on a strong resistance on the daily and a piece of fundamental news would be needed to break the resistance, and there is CB consumer confidence coming out by 4:00 pm. But the instrument looks to be pushing upwards for the major part of the day.
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 0.67633 with take profit at 0.67859.
Alternative scenario: Sell position is envisaged if price trades below 0.67388 with take profit at 0.67145.
CB Consumer confidence (USD) 4:00 pm
Comment: The buck has been very strong against major pair, but the instrument is on strong support on the daily time frame. The CB consumer confidence would be the key push on the direction of the instrument, a buy looks very plausible.
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