TRADING
TIPS :
EUR/USD is flat on Monday, continuing
the lack of movement which has marked the pair since late last week.
With no major releases out of the Eurozone or the US, it could remain
an uneventful day for the pair. In the European session, EUR/USD is
trading at the 1.13 line. On the release front, the sole Eurozone
event is the German central bank’s monthly report. The US will
release the NAHB Housing Market Index, with little change expected.
As well, New York Fed president William Dudley will deliver remarks
at a meeting in New York. Tuesday will be busier, with Germany and
the Eurozone releasing the ZEW Economic Sentiment reports. In the US,
there is one key event, Building Permits.
RECOMMENDATION:
BUY
GBP USD ABOVE 1.4204 TARGET 1.4224 1.4254 SL 1.4174
SELL
GBP USD BELOW 1.4160 TARGET 1.4140 1.4110 SL 1.4190
RECOMMENDATION:
BUY
EUR USD ABOVE 1.1318 TARGET 1.1338 1.1368 SL 1.1288
SELL
EUR USD BELOW 1.1290 TARGET 1.1270 1.1240 SL 1.1320
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