TRADING
TIPS :
EUR/USD was last up 0.11% to 1.2870,
off session highs 1.2907 and not far from the 14-month lows of 1.2833
struck overnight .The euro slipped after the ECB said it allotted
€82.6 billion to 255 bidders in its new Targeted Long Term
Refinancing Operation, or TLTRO. That was well below the €100 to
€150 billion predicted by analysts.The pair was likely to find
support at 1.2833 and resistance at 1.2945.A second operation will be
held in December. The ECB is offering up to €400 billion of cheap
liquidity under eight TLTRO operations in order to encourage lenders
to offer credit to small businesses .
INTRADAY
OUTLOOK
Support:
1.2860
Resistance:
1.2900
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2900-TG:1.2920/1.2950 SL 1.2875
2.
Sell EUR/USD Below 1.2858-TG:1.2838/1.2808 SL 1.2888
INTRADAY
OUTLOOK
Immediate
Support:1.6296
Immediate
Resistance:1.6390
RECOMMENDATION:
1.
Buy GBP/USD Above 1.6390-TG:1.6420/1.6460 SL 1.6350
2.
Sell GBP/USD Below 1.6294-TG:1.6274/1.6244 SL 1.6324
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