TRADING TIPS :
EUR/USD was down 0.49% to 1.2281,
closing in on the two year low of 1.2246 struck on December 8. The
dollar rallied after the Fed said it would be “patient” before
raising rates, guidance which it said is consistent with earlier
assurances statement that rates would stay low “for a considerable
time.”The central bank acknowledged the improvement in the U.S.
labor market and noted that the economy is making progress toward its
goals in inflation and employment.At the bank’s post policy meeting
press conference Fed Chair Janet Yellen said the Fed was unlikely to
raise rates for the “next couple of meetings” indicating that a
move in April at the earliest is possible.
INTRADAY
OUTLOOK
Support:
1.2280
Resistance:
1.2351
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2353-TG:1.2373/1.2403 SL 1.2323
2.
Sell EUR/USD Below 1.2278-TG:1.2258/1.2228 SL 1.2308
INTRADAY
OUTLOOK
Immediate
Support: 1.5615
Immediate
Resistance: 1.5677
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5680-TG:1.5700/1.5730 SL 1.5650
2.
Sell GBP/USD Below 1.5612-TG:1.5592/1.5562 SL 1.5642
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