TRADING TIPS :
EUR/USD was up 0.49% at 1.2468, up from
a session low of 1.2362 and off a high of 1.2495.The pair was likely
to find support at 1.2245, Monday’s low, and resistance at 1.2496,
Thursday’s high.The dollar has rallied against the euro and other
currencies in recent months on expectations for U.S. monetary policy
to grow less accommodative while European and Asian central banks
move in the opposite direction.On Friday, mixed U.S. data allowed for
profit taking.Meanwhile in Europe, the single currency found support
after data showed that industrial production in the euro zone rose
0.1% in October, in line with expectations, after a 0.5% increase in
September, whose figure was revised from a previously estimated 0.6%
gain.
INTRADAY
OUTLOOK
Support:
1.2436
Resistance:
1.2484
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2486-TG:1.2506/1.2536 SL 1.2456
2.
Sell EUR/USD Below 1.2434-TG:1.2414/1.2384 SL 1.2464
INTRADAY
OUTLOOK
Immediate
Support: 118.58
Immediate
Resistance: 119.09
RECOMMENDATION:
1.
Buy USD/JPY Above 119.11-TG:119.31/119.61 SL 118.81
2.
Sell USD/JPY Below 118.56-TG:118.36/118.16 SL 118.86
0 comments:
Post a Comment