TRADING TIPS :
EUR/USD rose 0.26% to 1.2258, easing
off two-year lows of 1.2222 hit overnight.Earlier Monday, official
data showed that German import prices dropped 0.8% in November,
compared to expectations for a 0.5% loss, after a 0.3% downtick in
October.Meanwhile, the dollar continued to be underpinned after the
Federal Reserve said last week that 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 also acknowledged the impr- vement in the
U.S. labor market and noted that the economy is making progress
toward its goals in inflation and employment. Trading volumes were
expected to remain light on Monday, ahead of the Christmas Day
Holiday.
INTRADAY
OUTLOOK
Support:
1.2243
Resistance:
1.2298
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2300-TG:1.2320/1.2350 SL 1.2270
2.
Sell EUR/USD Below 1.2240-TG:1.2220/1.2190 SL 1.2270
INTRADAY
OUTLOOK
Immediate
Support: 1.5597
Immediate
Resistance: 1.5662
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5665-TG:1.5685/1.5715 SL 1.5635
2.
Sell GBP/USD Below 1.5595-TG:1.5575/1.5545 SL 1.5625
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