TRADING
TIPS :
EUR/USD
rose moderately on Thursday, extending slight gains from the previous
session, as foreign exchange traders awaited comments from Janet
Yellen for possible signs of whether the Federal Reserve could
tighten its monetary policy cycle next while the European Central
Bank maintains an unorthodox negative interest rate policy.The
currency pair traded between 1.1155 and 1.1217, before settling at
1.1193, up 0.0038 or 0.34% for the session. Despite the brief gains
over the last two sessions, the euro is still in the midst of one of
its driest spells on the calendar year. Since hitting nine-months in
early-May, EUR/USD has fallen considerably by nearly 3%.EUR/USD
likely gained support at 1.1055, the low from March 15 and was met
with resistance at 1.1434, the high from May 12.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4739 TGT 1.4759 1.4789 SL 1.4709
SELL
GBP/USD BELOW 1.4677 TGT 1.4657 1.4627 SL 1.4707
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1190TGT 1.1210 1.1240 SL 1.1160
SELL
EUR/USD BELOW 1.1145 TGT 1.1125 1.1095 SL 1.1175
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