TRADING
TIPS :
The euro was almost unchanged against
the U.S. dollar on Friday, hovering close to more than two-week lows
as the possibility for further easing measures by the European
Central Bank weighed, while markets eyed upcoming U.S. jobs
data.EUR/USD hit 1.1116 during late Asian trade, the session low; the
pair subsequently consolidated at 1.1129.The pair was likely to find
support at 1.1016, the low of August 19 and resistance at 1.1245,
Thursday’s high.The single currency came under pressure after the
ECB indicated on Thursday that it could expand its quantitative
easing program amid increased downside risks to its inflation
outlook.The ECB lowered its forecast for growth and inflation, citing
oil prices and slowing growth in China.The comments came after the
ECB kept its benchmark interest rate at a record-low 0.05%, in line
with the consensus expectation.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5260 TARGET 1.5280 1.5310 SL 1.5230
SELL
GBPUSD BELOW 1.5155 TARGET 1.5135 1.5105 SL 1.5185
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1180 TARGET 1.1200 1.1230 SL 1.1150
SELL
EURUSD BELOW 1.1085 TARGET 1.1065 1.1035 SL 1.1115
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