TRADING
TIPS :
The Euro edged higher against the
dollar on Monday but gains were held in check by prospects for more
central bank easing and after data showing that German business
conditions deteriorated this month. EUR/USD was last up 0.12% to
1.1030 after touching highs of 1.1057 earlier. The single currency
fell to lows of 1.0995 on Friday, the weakest since August 11.The
euro weakened late last week after European Central Bank President
Mario Draghi signaled that further monetary easing is likely later
this year.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5360 TARGET 1.5380 1.5410 SL 1.5330
SELL
GBPUSD BELOW 1.5300 TARGET 1.5280 1.5250 SL 1.5330
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1050 TARGET 1.1070 1.1180 SL 1.1020
SELL
EURUSD BELOW 1.1000 TARGET 1.0980 1.0950 SL 1.1030
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