TRADING
TIPS :
The EUR/USD pair rises 0.20% to 1.1370,
hovering near fresh session highs reached at 1.1372 last minutes. The
major extends its recovery from the Chinese GDP induced drop to the
hourly 200-SMA (near 1.1350) and is currently heading towards the
daily highs recorded at 1.1379 in early Asia. The EUR/USD pair edges
higher this session as the risk-on sentiment spurred by the better
than expected Chinese growth numbers fades, with all the Asian
indices returning to the red zone. The Nikkei dives deeper in the
red, -0.95% while China A50 index losing -0.32%.Meanwhile, the pair
will be influenced by the broader market sentiment in absence of no
relevant economic data due today. While the trading is expected to
remain light as the main focus now remains the key ECB meeting and
Draghi’s words due later this week.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.5480 TARGET 1.5500 1.5530 SL 1.5450
SELL
GBP/USD BELOW 1.5430 TARGET 1.5410 1.5370 SL 1.5460
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.1370 TARGET 1.1400 1.1430 SL1.1340
SELL
EUR/USD BELOW 1.1320 TARGET 1.1300 1.1270 SL 1.1350
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