TRADING
TIPS :
EUR/USD was virtually flat on Tuesday,
as investors digested hawkish signals from the Federal Reserve on the
increased likelihood of multiple interest rate hikes from the U.S.
central bank this year despite the release of subdued core inflation
figures earlier in the session. The currency pair traded in a tight
range between 1.1302 and 1.1347, before settling at 1.1314, down
0.0001 or 0.01% on the session. The euro has closed lower against the
dollar in three of the last four sessions and nine of the last 11.
Though the euro is only up modestly against the dollar over the last
month, it still remains up by more than 4% against its American
counterpart since the start of 2016. Incredibly, EUR/USD is only down
0.0003 from its level 52 weeks ago. EUR/USD likely gained support at
1.0538, the low from December 3 and was met with resistance at
1.1713, the high from Aug. 24.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4530 TGT 1.4550 1.4580 SL 1.4500
SELL
GBP/USD AROUND 1.4510 TGT 1.4490 1.4460 SL 1.4540
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.1320 TGT 1.1340 1.1370 SL 1.1290
SELL
EUR/USD BELOW 1.1270 TGT 1.1250 1.1220 SL 1.1300Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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