TRADING
TIPS :
The
pair is extending its sideline theme around the 1.1400 handle for the
time being amidst lack of of relevant drivers and scarce volatility.
In the meantime, the upside in the greenback seems to have lost some
vigour during the European morning, although it remains in the upper
end of the recent range when tracked by the US Dollar Index.In the
data space, German trade surplus has surpassed estimates in March,
while Industrial Production has contracted more than initially
expected during the same period. Across the pond, US NFIB Business
Optimism index is due followed by the API’s weekly report on US
crude stockpiles.
RECOMMENDATION:
BUY
GBPUSD AROUND 1.4380 TARGET 1.4420 1.4480 SL 1.4350
SELL
GBPUSD AROUND 1.4510-1.4520 TARGET 1.4460 1.4400 SL 1.4540
RECOMMENDATION:
BUY
EURUSD AROUND 1.1305 TARGET 1.1340 1.1380 SL 1.1290
SELL
EURUSD AROUND 1.1370 TARGET 1.1340 1.1300 SL 1.1395
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