Analyst
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 0.69097 with take profit at 0.69518
Alternative scenario: Sell position is envisaged if price trades below 0.68825 with take profit at 0.68511.
ADP Non-Farm Employment Change (USD) 1:15pm
Comment: This instrument bounced off a support and has seen strong bullish momentum which is expected to continue if it breaks the resistance on the 1Hr timeframe.
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 42.12 with take profit at 43.35
Alternative scenario: Sell position is envisaged if price trades below 41.04 with take profit at 39.94.
Crude Oil Inventories (USD) 3:30pm
Comment: Oil prices rose more than 1% on Wednesday after data showed crude inventories in the United States fell much more than expected, suggesting demand is improving even as the coronavirus outbreak spreads around the world.
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