TRADING
TIPS :
The euro was almost unchanged against
the U.S. dollar on Friday, as investors remained cautious ahead of
the weekend’s Greek referendum on whether or not the country’s
should accept its creditor’s bailout terms. EUR/USD hit 1.1100
during late Asian trade, the session high; the pair subsequently
consolidated at 1.1093.The pair was likely to find support at 1.1032,
the low of July 1 and resistance at 1.1171, the high of July 1. Hopes
for a last minute deal between Greece and the euro zone were quashed
on Wednesday after Greek Prime Minister Alexis Tsipras urged voters
to reject the terms of an international bailout deal. Greek voters
are due to decide on Sunday whether to accept terms proposed by the
institutions overseeing the country’s now-expired bailout, the
European Central Bank, the International Monetary Fund and the
European Commission, or reject them.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5665 TARGET 1.5685 1.5715 SL 1.5635
SELL
GBPUSD BELOW 1.5520 TARGET 1.5500 1.5470 SL 1.5550
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1125 TARGET 1.1145 1.1175 SL 1.1095
SELL
EURUSD BELOW 1.1005 TARGET 1.0985 1.0955 SL 1.1035
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