TRADING
TIPS :
The EUR/USD pair trades -0.46% lower at
1.0724, easing-off fresh session highs reached at 1.0759. The main
currency pair bought back the opening dip, although failed to extend
further and slipped back below the daily R1 placed at 1.0734 levels
as markets favour the US dollar amid looming uncertainties
surrounding the Euro zone following the weekend’s terror acts on
Paris.Moreover, the European indices are attempting recovery from
steep losses seen at open, which further reduces the demand for the
euro as a safe-haven. The German benchmark, the DAX turned positive
and trades 0.10% higher, while the UK’s FTSE gains 0.41% and the
Euro Stoxx 50 advances 0.20%. Markets now await the Euro zone final
CPI data due later shortly for fresh incentives while the main event
for this week remains the FOMC minutes.
RECOMMENDATION:
BUY
GBP USD ABOVE 1.5235 TARGET 1.5265 1.5300 SL 1.5200
SELL
GBP USD BELOW 1.5185 TARGET 1.5155 1.5100 SL 1.5220
RECOMMENDATION:
BUY
EUR USD ABOVE 1.0730 TARGET 1.0760 1.0810 SL 1.0690
SELL
EUR USD BELOW 1.0710 TARGET 1.0680 1.0640 SL 1.0740
0 comments:
Post a Comment