TRADING
TIPS :
The EUR/USD pair rises 0.08% to 1.0976,
retreating from daily highs reached at 1.0983 levels. The main
currency pair maintains the bid tone in Asia and fights hard to break
through 1.10 barrier, with the broad based US dollar weakness
collaborating to the upside in the pair. The USD index trades -0.08%
lower at 97.92.However, further upmoves lack momentum in light of no
major economic drivers ahead, as the macro calendar is expected to
remain empty until the NY session. Moreover, thin trading and
irregular volatility also restricts further upside in EUR/USD amid
holiday-thinned markets as we progress towards the New Year.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4910TARGET 1.4930 1.4960 SL 1.4880
SELL
GBPUSD BELOW 1.4860 TARGET 1.4840 1.4810 SL 1.4890
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.0980 TARGET 1.1000 1.1030 SL 1.0950
SELL
EUR/USD BELOW 1.0960 TARGET 1.0940 1.0910 SL 1.0990
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