TRADING
TIPS :
EURUSD bounced off the 1.120 support
level and looks to be ranging within 1.130 and 1.120 levels. The
minor resistance at 1.130 – 1.1285 was tested briefly yesterday
with prices being rejected at this level. A break above 1.130 is
required for EUR/USD to extend its gains towards 1.1380. To the
downside, prices are likely to remain range bound above 1.1217
levels. A break below this support could see EURUSD test the lower
end at 1.11430. We could, therefore, expect EURUSD to remain range
bound in the near term with further gains or declines coming on a
break of the respective resistance or support levels.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.4192 TGT 1.4212 1.4142 SL 1.4162
SELL
GBPUSD BELOW 1.4120 TGT 1.4100 1.4070 SL 1.4150
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1175-1.1177 TGT 1.1197 1.1227 SL 1.1145
SELL
EURUSD BELOW 1.1160 TGT 1.1140 1.1110 SL 1.1190
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