Analyst
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 1.12346 with take profit at 1.13064.
Alternative scenario: Sell position is envisaged if price trades below 1.11697 with take profit at 1.11200
ADP Non-Farm Employment Change (US) 1:15 PM
Comment: The common currency is basking in the euphoria of an expected 500 billion euros increase to the current 750 billion euros Pandemic Emergency Purchase Program of the European Central Bank.
Intraday: Bearish
Preference: Sell position is envisaged if price trades below 1718.81 with take profit at 1712.92
Alternative scenario: Buy position is envisaged if price trades above 1727.09 with take profit at 1734.41.
ADP Non-Farm Employment Change (US) 1:15 PM
Comment: The safe-haven metal is envisaged to trade lower owing to the dominating sentiment of global economic recovery as countries continue the gradual opening up of the economy to business.
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