TRADING TIPS :
GBP/USD hit 1.4755 during European
morning trade, the session low; the pair subsequently consolidated at
1.4765, down 0.27%.The pound was trading at one-and-a-half week lows
against the U.S. dollar on Tuesday, even after data showed that the
U.K. economy grew more than initially expected in the fourth quarter
of 2014, as demand for the greenback remained broadly supported.In a
report, the U.K.’s Office for National Statistics said gross
domestic product expanded at a rate of 0.6% in the final three months
of 2014, up from a previous estimate of 0.5% and above expectations
for a 0.5% reading.
INTRADAY
OUTLOOK
Support:
1.4734
Resistance:
1.4794
RECOMMENDATION:
1.
Buy GBP/USD Above 1.4796-TG: 1.4826/1.4856 SL 1.4766
2.
Sell GBP/USD Below 1.4732-TG: 1.4712/1.4682 SL 1.4762
INTRADAY
OUTLOOK
Support:
1.0695
Resistance:
1.0755
RECOMMENDATION:
1.
Buy EUR/USD Above 1.0757-TG: 1.0777/1.0989 SL 1.0787
2.
Sell EUR/USD Below 1.0693 -TG:1.0673/1.0643 SL 1.0723
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