TRADING
TIPS :
EUR/USD slipped 0.15% to 1.2399, not
far from last Friday’s lows of 1.2356, the weakest since August
2012. The dollar slid in the previous two sessions after Friday’s
softer than expected U.S. jobs report prompted about of profit taking
to lock in gains after the greenbacks recent run higher. The dollar
has rallied over the past two months as broadly stronger economic
data fuelled expectations that the Federal Reserve will raise
interest rates sometime in 2015.In contrast, central banks in Japan
and the euro zone are likely to stick to a looser monetary policy
stance in a bid to spur growth and inflation.The European Central
Bank reiterated its pledge late last week to implement further
stimulus measures if needed to combat persistently low levels of
inflation in the euro area.
INTRADAY
OUTLOOK
Support:
1.2387
Resistance:
1.2446
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2448-TG:1.2468/1.2498 SL 1.2418
2.
Sell EUR/USD Below 1.2385-TG:1.2365/1.2335 SL 1.2415
INTRADAY
OUTLOOK
Immediate
Support: 115.53
Immediate
Resistance: 116.08
RECOMMENDATION:
1.
Buy USD/JPY Above 116.13-TG:116.33/116.63 SL 115.83
2.
Sell USD/JPY Below 115.50-TG:115.30/115.00 SL 115.80
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