TRADING
TIPS :
EUR/USD wobbled on the market mood,
suffering from the changing sentiment regarding the British EU
Referendum. Apart from the event itself, we have key German surveys
and PMIs. Here is an outlook for the highlights of this week and an
updated technical analysis for EUR/USD. A UK exit of the EU is also
seen as a danger for the euro-zone. When opinion polls showed a
stronger lead for the Leave campaign, the euro suffered. When the
pound recovered, the euro followed. Elsewhere, inflation figures were
confirmed at low levels for May but industrial output surprised to
the upside. In the US, the Fed was certainly dovish, but the dollar
weakness that followed did not last on its own, nor did the positive
retail sales. The upcoming week will see the culmination in the UK,
the euro-zone and for many other currencies as well.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.4675 TGT 1.4695 1.4725 SL 1.4645
SELL
GBPUSD BELOW1.4585 TGT 1.4565 1.4535 SL 1.4615
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1400 TGT 1.1420 1.1450 SL 1.1370
SELL
EURUSD BELOW 1.1322 TGT 1.1302 1.1272 SL 1.1352
0 comments:
Post a Comment