Analyst
Intraday: Bearish
Preference: Sell position is envisaged if price trades below 1.08423 with take profit at 1.08116
Alternative scenario: Buy position is envisaged if price trades above 1.08695 with take profit at 1.08899
No Fundamentals
Comment: The dollar found a footing earlier today as investors returned to safe-havens, unwinding some risk currency gains made on hopes the coronavirus crisis in Europe and New York was slowing.
Intraday: Bearish
Preference: Sell position is envisaged if price trades below 108.724 with take profit at 108.545
Alternative scenario: Buy position is envisaged if price trades above 108.883 with take profit at 109.259
No Fundamentals
Comment: New York state and the United Kingdom announced their highest daily death toll overnight, despite the falling number of cases reported in the beginning of the week. New York governor Andrew Cuomo reported a total of 5,489 deaths in the state.
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Kobi
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Ebere Uzodinma
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Adefuwa Ayodele