TRADING
TIPS :
The euro was little changed against the
dollar on Friday, after the release of mostly positive data from the
euro zone, as markets were still digesting the European Central
Bank’s decision on Thursday to leave monetary policy on hold.
EUR/USD was little changed at 1.1031, still close to Thursday’s
one-month trough of 1.0979. The euro strengthened briefly after ECB
President Mario Draghi said on Thursday that European markets
weathered the post-Brexit volatility with “encouraging resilience”,
but reiterated that the central bank is ready to act by using all the
instruments available under its mandate if necessary.Draghi also said
the euro zone recovery faces several headwinds, and the risks remain
tilted to the downside, citing the UK referendum, slowing emerging
markets and the slow pace of structural reforms as key threats.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.3110 TGT 1.3130 1.3160 SL 1.3080
SELL
GBPUSD BELOW 1.3060 TGT 1.3040 1.3010 SL 1.3090
RECOMMENDATION:
BUY
EURUSD ABOVE 1.0980 TGT 1.1000 1.1030 SL 1.0950
SELL
EURUSD BELOW 1.0970 TGT 1.0950 1.0920 SL 1.1000
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