Analyst
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 1.41555 with take profit at 1.41906
Alternative scenario: Sell position is envisaged if price trades below 1.41094 with take profit at 1.40676
No major economic data expected today
Comment: The pair has established an uptrend on the hourly chart and the continuation will be confirmed once the instrument makes a high above 1.41511. The greenback is currently supported by the re-emergence of another phase of tension between the US and China.
Intraday: Bearish
Preference: Sell position is envisaged if price trades below 1.09209 with take profit at 1.08970
Alternative scenario: Buy position is envisaged if price trades above 1.09494 with take profit at 1.09649
No major economic data expected today
Comment: The statement by the White House pinning blame on China for the outbreak of the novel virus is expected to support the Greenback as a safe haven currency and might lead to fresh war between the two largest economies.
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