TRADING
TIPS :
Although euro extended its weakness
against the greenback after meeting renewed selling interest at
1.1230 at European open n fell to a fresh intra-day low of 1.1188,
cross-buying in euro vs other major ccys lifted price to 1.1209. In
European morning, data showed the European Union’s trade surplus
increased to 24.3B euros in Dec 2014 compare to 23.6B euros in
preceding month. At present, offers are noted at 1.1220-30, then
1.1240-50 with stops above 1.1270. On the downside, bids are reported
at 1.1180-70 and more around 1.1160 with stops below 1.1150.
RECOMMENDATION:
BUY
GBP USD ABOVE 1.4500 TARGET 1.4520 1.4550 SL 1.4470
SELL
GBP USD BELOW 1.4460 TARGET 1.4440 1.4410 SL 1.4490
RECOMMENDATION:
BUY
EUR USD ABOVE 1.1230 TARGET 1.1250 1.1280 SL 1.1200
SELL
EUR USD BELOW 1.1180 TARGET 1.1160 1.1130 SL 1.1210
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