TRADING
TIPS :
EUR/USD was
steady at 1.2945, remaining supported above the 14-month low of
1.2858 reached one week ago The pair was likely to find support at
the 1.2900 level and resistance at around 1.2975.The euro showed
little reaction after a report showed that the ZEW index of German
economic sentiment fell to 6.9 this month, down from 8.6 in
August.The gauge of current conditions dropped to 25.4 from 44.3 in
August.The ZEW Institute said the fall was due to growing uncertainty
over Germany’s economic outlook as a result of sanctions against
Russia, and the subdued outlook for the euro zone economy.
INTRADAY
OUTLOOK
Support:
1.2930
Resistance:
1.2950
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2951-TG:1.2971/1.3001SL 1.2931
2.
Sell EUR/USD Below 1.2929-TG:1.2909/1.2879 SL 1.2959
INTRADAY
OUTLOOK
Immediate
Support:1.6154
Immediate
Resistance:1.6202
RECOMMENDATION:
1.
Buy GBP/USD Above 1.6208-TG:1.6228/1.6258 SL 1.6178
2.
Sell GBP/USD Below 1.6150-TG:1.6130/1.6100 SL 1.6120
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