TRADING
TIPS :
The euro rose to the day’s highs
against the dollar on Thursday after data showing that the
unemployment rate in the region fell to its lowest level in over four
years, while economic sentiment unexpectedly improved last month.
EUR/USD hit highs of 1.0807, the most since Monday and was last at
1.0846, up 0.64% for the day. The euro zone’s statistical bureau
Euro- stat reported that the unemployment rate in the euro area fell
to the lowest level in more than four years in November, dropping to
10.5% from 10.6% in November. It was the third straight monthly
decline.Another report showed that euro zone economic sentiment
unexpectedly improved in December.A survey by Eurostat and the
European Commission showed that economic sentiment in the single
currency bloc ticked up to 106.8 in December from November’s 106.1,
compared to expectations for an unchanged reading.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4600 TARGET 1.4620 1.4650 SL 1.4570
SELL
GBP/USD BELOW 1.4560 TARGET 1.4540 1.4510 SL 1.4590
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.0870 TARGET 1.0890 1.10920 SL 1.0840
SELL
EUR/USD BELOW 1.0830 TARGET 1.0740 1.0710 SL 1.0860
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