TRADING
TIPS :
EUR/USD dipped 0.05% to 1.2957,
remaining supported above the 14-month low of 1.2858 reached early
last week Eurostat said consumer price inflation rose 0.4% last
month, up from a preliminary estimate of 0.3%. Euro zone I Inflation
rose by 0.4% in July. The rate remains firmly below the European
Central Bank’s target of near but just below 2%Month-over-month,
consumer prices inched up 0.1% last month, in line with forecasts and
following a 0.7% decline in July Core CPI, which excludes food,
energy, alcohol, and tobacco costs rose 0.9% in August, meeting
forecasts and unchanged from an initial estimate.
INTRADAY OUTLOOK
Support:
1.2952
Resistance:
1.2958
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2960-TG:1.2980/1.3010SL 1.2930
2.
Sell EUR/USD Below 1.2950-TG:1.2930/1.2900 SL 1.2980
INTRADAY
OUTLOOK
Immediate
Support:1.6310
Immediate
Resistance:1.6328
RECOMMENDATION:
1.
Buy GBP/USD Above 1.6331-TG:1.6351/1.6381 SL 1.6301
2.
Sell GBP/USD Below 1.6150-TG:1.6130/1.6100 SL 1.6180
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