Analyst
Bullish Preference: Buy position is envisaged if price trades above 1.20788 with take profit at 1.21014.
Bearish Preference: Sell position is envisaged if price trades below 1.20548 with take profit at 1.20464.
No major fundamental.
Comment: The EUR has been on an uptrend and is seen opening for the bulls and unchanged on Tuesday, with investors preparing for the next round of corporate earnings while lacking a major lead from overnight trading. The USD has been drifting lower from record levels on Monday, weighed by overall weakness and Inflation in the US Economy.
Bullish Preference: Buy position is envisaged if price trades above 13928.15 with take profit at 13946.65.
Bearish Preference: Sell position is envisaged if price trades below 13884.48 with take profit at 13865.24.
No major Fundamental
Comment: U.S. stocks are seen opening marginally lower Monday, consolidating after last week’s record levels ahead of a busy week for corporate results. Wall Street registered another strong week last week, with the US Indices closing at record highs on Friday, benefiting from earnings topping estimates and strong economic data.
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