TRADING TIPS :
EUR/USD held steady at
1.2379, as investors remained cautious following a surprise decision
by the Greek government to bring forward a parliamentary vote for
president to next week from February. Markets were spooked by the
risk of snap elections which could take place if Prime Minister
Antonis Samaras’ candidate is not approved by parliament, which
could see the anti-bailout Syriza party take power.The decision
prompted the stock market in Athens to plummet 9.5% on Tuesday, the
largest one day decline in over 20 years.The Greek stock market
suffered fresh falls on Wednesday and the yield on Greece’s 10-year
bond rose to 8.55% from 8.12% late Tuesday.
INTRADAY
OUTLOOK
Support:
1.2353
Resistance:
1.2399
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2401-TG:1.2421/1.2451 SL 1.2371
2.
Sell EUR/USD Below 1.2350-TG:1.2330/1.2300 SL 1.2380
INTRADAY
OUTLOOK
Immediate
Support: 119.10
Immediate
Resistance: 119.64
RECOMMENDATION:
1.
Buy USD/JPY Above 119.66-TG:119.86/120.16 SL 119.36
2.
Sell USD/JPY Below 119.08-TG:118.88/118.58 SL 119.38
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