TRADING TIPS :
EUR/USD held steady, near two-year lows
at 1.2236.Earlier Tuesday, official data showed that French consumer
spending rose 0.4% in November, beating expectations for a 0.3% gain.
French consumer spending fell 0.8% in October, whose figure was
revised from a previously estimated 0.9% decline.Another report
showed that France’s economy grew by 0.3% in the third quarter, in
line with expectations and unchanged from the previous quarter’s
growth rate.The dollar remained broadly supported after the Federal
Reserve signaled last week that it was on track to raise interest
rates next year but said it was taking a patient stance. The central
bank also acknowledged the improvement in the U.S. labor market and
noted that the economy is making progress toward its goals in
inflation and employment.
INTRADAY
OUTLOOK
Support:
1.2208
Resistance:
1.2263
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2265-TG:1.2285/1.2315 SL 1.2235
2.
Sell EUR/USD Below 1.2205-TG:1.2185/1.2155 SL 1.2235
INTRADAY
OUTLOOK
Immediate
Support: 1.5531
Immediate
Resistance: 1.5592
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5595-TG:1.5615/1.5645 SL 1.5565
2.
Sell GBP/USD Below 1.5528-TG:1.5508/1.5478 SL 1.5558
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