TRADING TIPS :
EUR/USD hit 1.2439 during U.S. morning trade, the session high; the pair subsequently consolidated at 1.2422, gaining 0.41%.The pair was likely to find support at 1.2293, the low from August 20, 2012, and resistance at 1.2578, Tuesday’s high.The dollar came under pressure after the Department of Labor said the U.S. economy added 214,000 jobs last month, disappointing expectations for an increase of 231,000. The number of jobs add September was revised to 256,000 from a previously estimated 248,000.The report also showed that the U.S. unemployment rate ticked down to 5.8% in October from 5.9% in September. Analysts had expected the unemployment rate to remain unchanged last month.
INTRADAY OUTLOOK
Support: 1.2440
Resistance: 1.2490
RECOMMENDATION:
1. Buy EUR/USD Above 1.2492-TG:1.2512/1.2542 SL 1.2462
2. Sell EUR/USD Below 1.2438-TG:1.2418/1.2388 SL 1.2468
INTRADAY OUTLOOK
Immediate Support: 1.5863
Immediate Resistance: 1.5913
RECOMMENDATION:
1. Buy GBP/USD Above 1.5915-TG:1.5935/1.5965 SL 1.5885
2. Sell GBP/USD Below 1.5860-TG:1.5840/1.5810 SL 1.5890
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EUR/USD hit 1.2439 during U.S. morning trade, the session high; the pair subsequently consolidated at 1.2422, gaining 0.41%.The pair was likely to find support at 1.2293, the low from August 20, 2012, and resistance at 1.2578, Tuesday’s high.The dollar came under pressure after the Department of Labor said the U.S. economy added 214,000 jobs last month, disappointing expectations for an increase of 231,000. The number of jobs add September was revised to 256,000 from a previously estimated 248,000.The report also showed that the U.S. unemployment rate ticked down to 5.8% in October from 5.9% in September. Analysts had expected the unemployment rate to remain unchanged last month.
INTRADAY OUTLOOK
Support: 1.2440
Resistance: 1.2490
RECOMMENDATION:
1. Buy EUR/USD Above 1.2492-TG:1.2512/1.2542 SL 1.2462
2. Sell EUR/USD Below 1.2438-TG:1.2418/1.2388 SL 1.2468
INTRADAY OUTLOOK
Immediate Support: 1.5863
Immediate Resistance: 1.5913
RECOMMENDATION:
1. Buy GBP/USD Above 1.5915-TG:1.5935/1.5965 SL 1.5885
2. Sell GBP/USD Below 1.5860-TG:1.5840/1.5810 SL 1.5890
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