TRADING TIPS :
EUR/USD was up 0.51% to 117.01 after
falling to one-month lows of 115.55 overnight.The dollar received a
boost after data earlier showed that Japan’s exports grew by a
smaller-than-forecast 4.9% in November, despite the steep fall in the
yen, as slower demand in Asia and Europe weighed.Investors remained
wary ahead of the Fed’s policy statement, as ongoing speculation
over the prospects for a U.S. rate hike next year have fuelled
expectations that the bank may change its forward guidance, and drop
the pledge to keep interest rates near zero for a “considerable
time.The traditional safe haven yen rallied on Tuesday as a rout in
oil prices continued, adding to fears over the global economic
outlook and the impact of oil’s drop on weakening emerging market
economies and their currencies.
INTRADAY
OUTLOOK
Support:
1.2436
Resistance:
1.2499
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2501-TG:1.2521/1.2551 SL 1.2471
2.
Sell EUR/USD Below 1.2434-TG:1.2414/1.2384 SL 1.2474
INTRADAY
OUTLOOK
Immediate
Support: 1.5678
Immediate
Resistance: 1.5749
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5751-TG:1.5771/1.5801 SL 1.5721
2.
Sell GBP/USD Below 1.5675-TG:1.5655/1.5625 SL 1.5705
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