TRADING
TIPS :
EUR/USD hit 1.3208 during late Asian
trade, the session high; the pair subsequently consolidated at
1.3209, adding 0.13%.The pair was likely to find support at 1.3179,
Monday’s low and resistance at 1.3297, the high of August 22. The
euro had come under pressure on Monday after European Central Bank
President Mario Draghit said at Jackson Hole on Friday that the
central bank is ready to take more unconventional action if needed to
stimulate a sluggish euro zone economy.In addition, the German Ifo
Business Climate Index fell to a more than one-year low of 106.3 this
month, below forecasts for 107.0 and down from a reading of 108.0 in
July.
INTRADAY
OUTLOOK
Support:
1.3160
Resistance:
1.3223
RECOMMENDATION:
1.
Buy EUR/USD Above 1.3225 -TG:1.3245/1.3275 SL 1.3195
2.
Sell EUR/USD Below 1.3158-TG: 1.3138/1.3108 SL 1.3188
INTRADAY
OUTLOOK
Immediate
Support:1.6546
Immediate
Resistance:1.6610
RECOMMENDATION:
1.
Buy GBP/USD Above 1.6613 -TG: 1.6633/1.6663 SL 1.6583
2.
Sell GBP/USD Below 1.6543- TG:1.6523/1.6493 SL 1.6573
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