TRADING
TIPS :
EUR/USD is currently trading with a
bearish bias. During the previous trading day on 24th June 2016, Euro
reacted negatively to Brexit, headed short and and may head further
to the lower side. During this intraday, we are very reluctant to go
long, instead, we will only be interested in signals giving sell
opportunities. This pair should be traded alongside NZD/ USD,
AUD/USD, and GBP/USD. These pairs have a strong positive correlation
of up to +0.96 and will have a similar price action during this
intraday.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.3480 TGT 1.3500 1.3530 SL 1.3450
SELL
GBPUSD BELOW 1.3220 TGT 1.3200 1.3170 SL 1.3250
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1087 TGT 1.1107 1.1137 SL 1.1057
SELL
EURUSD BELOW 1.1010 TGT 1.0990 1.0960 SL 1.1040
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