TRADING
TIPS :
EUR/USD
is currently trading with a slight bullish bias. Yesterday, the pair
traded short and even broke below a very significant support level
1.1166 and is currently retracing towards it. We expect the current
upward rally to be a mere upward retracement and should not go above
1.1166. A break above this level will lead to an acceleration to the
upper side, but should not close above 1.12177. This pair should be
traded alongside NZD/USD, DF/USD and ER/HKD. These pairs have a
strong positive correlation of up to +0.96 and will likely have a
similar price action during this intraday.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4663 TGT 1.4683 1.4713 SL 1.4633
SELL
GBP/USD BELOW 1.4601 TGT 1.4581 1.4581 SL 1.4631
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1156 TGT 1.1176 1.1206 SL 1.1126
SELL
EUR/USD BELOW 1.1132 TGT 1.1112 1.1083 SL 1.1162
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