TRADING
TIPS :
EUR/USD
inched up, as the dollar recovered from a mid-day swoon after Janet
Yellen kept investors on their heels regarding the possibility of a
summer interest rate hike with relatively neutral comments on the
Federal Reserve's long-term path on Monday afternoon. The currency
pair traded in a tight range between 1.1326 and 1.1393, before
settling at 1.1357, up 0.0008 or 0.05% on the session. The euro
extended gains from last Friday when it surged nearly 2% against the
dollar following the release of the weakest U.S. monthly jobs data in
nearly six years. With the slight gains, the euro remained near
three-week highs against its American counterpart. 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
GBP/USD AROUND 1.4365-1.4367 TGT 1.4387 1.4417 SL 1.4335
SELL
GBP/USD BELOW 1.4352 TGT 1.4332 1.4302 SL 1.4382
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1350 TGT 1.1370 1.1400 SL 1.1320
SELL
EUR/USD BELOW 1.1326 TGT 1.1306 1.1276 SL 1.1356
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