TRADING TIPS :
EUR/USD was up 0.23% at 1.3638, up from a session low of 1.3600 and off a high of 1.3652.The pair was likely to find support at 1.3574, Monday’s low, and resistance at 1.3677, the high from June 6.The Commerce Department reported earlier that U.S. gross domestic product contracted at an annual rate of 2.9%in the first quarter of the year, far surpassing consensus forecasts for a decline of 1.7%.U.S. first-quarter GDP was initially reported to have increased by 0.1%
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EUR/USD was up 0.23% at 1.3638, up from a session low of 1.3600 and off a high of 1.3652.The pair was likely to find support at 1.3574, Monday’s low, and resistance at 1.3677, the high from June 6.The Commerce Department reported earlier that U.S. gross domestic product contracted at an annual rate of 2.9%in the first quarter of the year, far surpassing consensus forecasts for a decline of 1.7%.U.S. first-quarter GDP was initially reported to have increased by 0.1%
INTRADAY OUTLOOK
Support: 1.6960
Resistance: 1.7010
RECOMMENDATION:
1. Buy GBP/USD Above 1.7010- TG: 1.7030/ 1.7060 SL 1.6980
2. Sell GBP/USD Below 1.6960- TG: 1.6940/ 1.6910 SL 1.6990
INTRADAY OUTLOOK
Immediate Support: 1.3610
Immediate Resistance: 1.3670
RECOMMENDATION:
1. Buy EUR/USD Above 1.3670- TG: 1.3690/1.3720 SL 1.3640
2. Sell EUR/USD Below 1.3610- TG: 1.3590/1.35600 SL 1.3640
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