TRADING TIPS :
EUR/USD
bounced off one-week lows on Monday, as dollar sentiment remained weak
ahead of a highly-anticipated interest rate decision from the Federal
Reserve, when the U.S. central bank is widely expected to leave
short-term rates unchanged. The currency pair traded between 1.1232 and
1.1303 before settling at 1.1292, up 0.0053 or 0.46% on the session.
With the considerable gains, the euro ended a three-day losing streak
against the dollar. Over the last month, the euro has been relatively
flat against its American counterpart, down 0.75% during the period.
More broadly, EUR/USD is up 4% since starting the year at 1.086.EUR/USD
likely gained support at 1.1055, the low from March 15 and was met with
resistance at 1.1616, the high from May 3.
RECOMMENDATION:
BUY GBPUSD ABOVE 1.4200 TGT 1.4220 1.4240 SL 1.4170
SELL GBPUSD AROUND 1.4265-1.4263 TGT 1.4245 1.4205 SL 1.4295
RECOMMENDATION:
BUY EURUSD ABOVE 1.1245 TGT 1.1265 1.1295 SL 1.1205
SELL EURUSD BELOW 1.1209 TGT 1.1189 1.1159 SL 1.1239
0 comments:
Post a Comment