TRADING
TIPS :
EUR/USD hit 1.3186 during late Asian
trade, the session low; the pair subsequently consolidated at 1.3195,
shedding 0.34%. The pair was likely to find support at 1.3105 and
resistance at 1.3297, the high of August 22. The dollar strengthened
broadly after Fed Chair Janet Yellen said on Friday that the U.S.
economy is recovering and added the labor market is improving as
well.Ms. Yellen was speaking at the Fed’s annual meeting of top
central bankers and economists in Jackson Hole, Wyoming.At the same
time, ECB President Mario Draghi told the Jackson Hole gathering that
the central bank is ready to take more unconventional action if
needed to stimulate a sluggish euro zone economy.
INTRADAY
OUTLOOK
Support:
1.3149
Resistance:
1.3226
RECOMMENDATION:
1.
Buy EUR/USD Above 1.3228 -TG:1.3248/1.3278 SL 1.3198
2.
Sell EUR/USD Below 1.3147 -TG: 1.3127/1.3097 SL 1.3177
INTRADAY
OUTLOOK
Immediate
Support:1.6518
Immediate
Resistance:1.6612
RECOMMENDATION:
1.
Buy GBP/USD Above 1.6616 -TG: 1.6636/1.6666 SL 1.6586
2.
Sell GBP/USD Below 1.6515 -TG:1.6495/1.6465 SL 1.6545
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