TRADING
TIPS :
USD/CHF hit 0.9066 during European late morning
trade, the session high; the pair subsequently consolidated 0.9062,
adding 0.10%.The pair was likely to find support at 0.9018, the low
of July 25 and resistance at 0.9098, the high of August 8.Official
data showed that Swiss retail sales rose 3.4% in June compared to a
year earlier, beating expectations for a 0.3% gain. May’s figure
was revised to a 0.5% fall from a previously estimated 0.6% decline.
Market sentiment improved on Monday following reports Russia ended
military exercises it was holding close to the border with Ukraine,
but investors were continuing to monitor developments in the region
closely.
INTRADAY
OUTLOOK
Support:
0.9012
Resistance:
0.9076
RECOMMENDATION:
1.
Buy USD/CHF Above 0.9080: TG: 0.9095/0.9115 SL 0.9060
2.
Sell USD/CHF Below 0.9008 TG: 0.8993/0.8973 SL 0.9028
INTRADAY
OUTLOOK
Support:
1.6742
Resistance:
1.6821
RECOMMENDATION:
1.
Buy GBP/USD Above 1.6825 TG: 1.6840/ 1.6860 SL 1.6805
2.
Sell GBP/USD Below 1.6740 TG: 1.6725/1.6705 SL 1.6760
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