TRADING
TIPS :
EUR/USD, is steady on Thursday, as the
pair trades at the 1.09 line in the European session. In economic
news, currency markets did not display much reaction to the Federal
Reserve, which maintained interest rate levels and issued a cautious
policy statement. Later in the day, Germany will publish Preliminary
CPI, and the US releases Core Durable Goods and Unemployment Claims.
On Friday, there are key events, Eurozone CPI and US Advance GDP. The
pair kept the composure after January’s data in the euro area
showed Industrial Confidence dropped to 3.2, Business Climate fell to
0.29, Service Sentiment has come in at 11.6 and Economic Sentiment
printed 105.0, all of them below expectations. On a more optimistic
side, Consumer Confidence matched estimates at -6.3.In the meantime,
spot has managed to clinch highs near 1.0930, albeit losing some pips
afterwards, all backed by a softer tone in the greenback.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.4340 TARGET 1.4360 1.4390 SL 1.4310
SELL
GBPUSD BELOW 1.4270 TARGET 1.4250 1.4220 SL 1.4300
RECOMMENDATION:
BUY
EUR USD ABOVE 1.0930 TARGET 1.0950 1.0980 SL 1.0900
SELL
EUR USD BELOW 1.0880 TARGTE 1.0860 1.0830 SL 1.091
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