TRADING
TIPS :
In U.S. trading, EUR/USD was down 0.32%
at 1.3238, up from a session low of 1.3221 and off a high of 1.3297.
The pair was likely to find support at 1.3221, the session low, and
resistance at 1.3412, the high from Aug. 15 Speaking at the Federal
Reserve Bank of Kansas City’s annual Jackson Hole symposium, Janet
Yellen said the U.S. economy is recovering and added the labor market
is improving as well.The Federal Reserve Bank of Philadelphia said
that its manufacturing index topped a three-year high of 28.0 this
month from July’s 23.9 reading. Analysts had expected the index to
decline to 19.2 in July.
INTRADAY
OUTLOOK
Support:
1.3203
Resistance:
1.3280
RECOMMENDATION:
1.
Buy EUR/USD Above 1.3283 -TG:1.3303/1.3333 SL 1.3253
2.
Sell EUR/USD Below 1.3198 -TG: 1.3178/1.3148 SL 1.3228
INTRADAY
OUTLOOK
Immediate
Support:1.6535
Immediate
Resistance:1.6601
RECOMMENDATION:
1.
Buy GBP/USD Above 1.6603 -TG: 1.6623/1.6653 SL 1.6573
2.
Sell GBP/USD Below 1.6533 -TG:1.6513/1.6483 SL 1.6563
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