TRADING
TIPS :
EUR/USD was up 0.33% at 1.2517, up from
a session low of 1.2399 and off a high of 1.2524.The pair was likely
to find support at 1.2393, Tuesday’s low, and resistance at 1.2578,
the high from Nov.4. TThomsonReuters/University of Michigan’s
preliminary reading on the overall consumer sentiment index for
November hit 89.4, its highest reading since July 2007, beating
forecasts for an 87.5 reading.The euro steadied against the dollar on
Friday, taking back earlier losses steaming from upbeat U.S. retail
sales data, as a better-than-expected euro area growth report fueled
demand for the single currency.
INTRADAY
OUTLOOK
Support:
1.2480
Resistance:
1.2545
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2547-TG:1.2567/1.2597 SL 1.2517
2.
Sell EUR/USD Below 1.2478-TG:1.2458/1.2428 SL 1.2508
INTRADAY
OUTLOOK
Immediate
Support: 115.87
Immediate
Resistance: 116.36
RECOMMENDATION:
1.
Buy USD/JPY Above 116.38-TG:116.58/116.88 SL 116.08
2.
Sell USD/JPY Below 115.85-TG:115.65/115.35 SL 116.15
0 comments:
Post a Comment