TRADING
TIPS :
EUR/USD rose moderately erasing most of the losses from a session earlier, as currency traders await the European Central Bank's key meeting on Thursday in Malta.The currency pair traded in a tight range between 1.1324 and 1.1386 on Tuesday before settling at 1.1348, up 0.19% on the session. Since Labor Day, EUR/USD has remained in a holding pattern between 1.10 and 1.16, while hardly experiencing any sharp fluctuations. In fact, over the last month of trading the currency pair has only moved more than 1% in a positive or negative direction once in 20 sessions after falling by 1.03% on September 21. During that span, the euro is up by roughly 0.40% against the dollar.
EUR/USD rose moderately erasing most of the losses from a session earlier, as currency traders await the European Central Bank's key meeting on Thursday in Malta.The currency pair traded in a tight range between 1.1324 and 1.1386 on Tuesday before settling at 1.1348, up 0.19% on the session. Since Labor Day, EUR/USD has remained in a holding pattern between 1.10 and 1.16, while hardly experiencing any sharp fluctuations. In fact, over the last month of trading the currency pair has only moved more than 1% in a positive or negative direction once in 20 sessions after falling by 1.03% on September 21. During that span, the euro is up by roughly 0.40% against the dollar.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.5500 TARGET 1.5520 1.5550 SL 1.5530
SELL
GBP/USD BELOW 1.5430 TARGET 1.5410 1.5370 SL 1.5460
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.1400 TARGET 1.1420 1.1450 SL 1.1370
SELL
EUR/USD BELOW 1.1350 TARGET 1.1330 1.1300 SL 1.1390
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