TRADING TIPS :
GBP/USD hit 1.5111 during European
morning trade, the session high; the pair subsequently consolidated
at 1.5097, advancing 0.42%. The dollar strengthened broadly after
official data on Friday showed that the U.S. economy added 295,000
jobs in February, far more than the 240,000 forecast by economists.
The unemployment rate ticked down to 5.5% from 5.7% in January, the
lowest since May 2008. The strong report fuelled expectations that
the Federal Reserve will start raising interest rates around the
middle of this year. Market participants began to redirect their
attention to Greece as the euro group of finance ministers was to
hold talks in Brussels later in the day to discuss proposed Greek
economic reforms.Last month Athens reached a temporary agreement with
its lenders to extend its bailout by four months, but must complete a
bailout review before it can access further financial aid.
INTRADAY
OUTLOOK
Support:
1.5052
Resistance:
1.5133
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5135-TG: 1.5155/1.5185 SL 1.5105
2.
Sell GBP/USD Below 1.5050-TG: 1.5030/1.5000 SL 1.5080
INTRADAY
OUTLOOK
Support:
1.0855
Resistance:
1.0934
RECOMMENDATION:
1.
Buy EUR/USD Above 1.0932-TG: 1.0912/1.0892 SL 1.0962
2.
Sell EUR/USD Below 1.0853-TG: 1.0833/1.00803 SL 1.0883
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