Analyst
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 109250 with take profit at 1.09550.
Alternative scenario: Sell position is envisaged if price trades below 1.08971 with take profit at 1.08713.
No major economic data with direct bearing on the currency
Comment: New case of coronavirus was recently reported in the United States with no understanding of the origin. This fear has made investors wary of the economic state of the U.S; this, in turn, has pushed EURUSD bullish since yesterday and is envisaged to continue pending the trade talks between the EU and UK on March 3rd.
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 1649.10 with take profit at 1662.10.
Alternative scenario: Sell position is envisaged if price trades below 1635.21 with take profit at 1623.27.
No major economic data with direct bearing on the commodity
Comment: Gold has been quite sensitive to the news surrounding the spread of the coronavirus. It is envisaged to push up during the course of today.
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Adefuwa Ayodele