TRADING
TIPS :
EUR/USD fell sharply on Friday, as the
dollar continued its rally from 9-month lows amid an unexpected surge
in U.S. consumer sentiment. The currency pair traded in a broad range
between 1.1283 and 1.1379, before settling at 1.1313, down 0.0061 or
0.56% on the session. At session-lows, the euro fell below 1.13
against the dollar for the first time in the month of May. The euro
has now closed lower versus the dollar in eight of the last nine
sessions. Despite the recent downturn, the euro is still up against
American counterpart by more than 4% since the start of the
year.EUR/USD likely gained support at 1.0538, the low from December 3
and was met with resistance at 1.1496, the high from Oct. 15.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.4440 TARGET 1.4460 1.4490 SL 1.4410
SELL
GBPUSD AROUND 1.4445-1.442 TARGET 1.4422 1.4392 SL 1.4475
RECOMMENDATION:
BUY
EURUSD AROUND 1.1315-1.1317 TARGET 1.1335 1.1390 S
L 1.1285
SELL
EURUSD BELOW 1.1280 TARGET 1.1260 1.1230 SL 1.1310
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