TRADING TIPS :
EUR/USD slipped 0.18% to trade near
two-year lows at 1.2264 even as data earlier showed that the Gfk
German consumer climate index rose to a six-month high of 9.0 in
December from a reading of 8.7 the previous month. Analysts had
expected the index to tick up to 8.9 this month. The dollar enjoyed
support after the U.S. Department of Labor said on Thursday that the
number of individuals filing for initial jobless benefits in the week
ending Dec 12 fell by 6,000 to 289,000 from the previous week’s
revised total of 295,000. Economist had forecast an increase of
1,000.The data came a day 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.
INTRADAY
OUTLOOK
Support:
1.2191
Resistance:
1.2241
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2143-TG:1.2263/1.2293 SL 1.2113
2.
Sell EUR/USD Below 1.2189-TG:1.2169/1.2139 SL 1.2219
INTRADAY
OUTLOOK
Immediate
Support: 1.5584
Immediate
Resistance: 1.5647
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5650-TG:1.5670/1.5700 SL 1.5620
2.
Sell GBP/USD Below 1.5582-TG:1.5562/1.5532 SL 1.5612
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