Analyst
Intraday: Bearish
Preference: Sell position is envisaged if price trades below 1.12180 with take profit at 1.11964.
Alternative scenario: Buy position is envisaged if price trades above 1.12702 with take profit at 1.13274.
No major economic data with direct bearing on the currency pair.
Comment: The pair is currently trading on an upward channel on the daily chart suggesting the possibility of advancement this week but the gains could be limited by the sentiment of a second wave of infection.
Intraday: Bearish
Preference: Sell position is envisaged if price trades below 37.52 with take profit at 36.00
Alternative scenario: Buy position is envisaged if price trades above 37.97 with take profit at 38.46
No major economic data with direct bearing on the commodity
Comment: Oil is envisaged to be pressured by increasing concern of a second wave of COVID19 infections which could weigh heavily on the recovery of the commodity.
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