TRADING
TIPS :
EUR/USD posted modest gains on Friday
erasing some of its losses from the previous session, as currency
traders continued to await a likely interest rate hike by the Federal
Reserve at its two-day meeting next week.The currency pair traded
between 1.0927 and 1.1031 before settling at 1.0994, up 0.0053 or
0.49% on the session. After surging by more than 3% in last
Thursday’s session, EUR/USD has been relatively flat in the six
subsequent trading days, moving only percentage points higher.
Earlier this week, the euro jumped to one-month highs against the
dollar as the aftershocks of a surprising move by the European
Central Bank continued to be felt. EUR/USD likely gained support at
1.0549, the low from Dec. 2 and was met with resistance at 1.1041,
the high from Dec. 9.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.5230 TARGET 1.5250 1.5270 SL 1.5200
SELL
GBP/USD BELOW 1.5200 TARGET 1.5180 1.5150 SL 1.5230
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.1000 TARGET 1.1020 1.1050 SL 1.0970
SELL
EUR/USD BELOW 1.0970 TARGET 1.0950 1.0920 SL 1.1000
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