TRADING TIPS :
EUR/USD was at 1.3371, not far from the nine-month lows of 1.3332 reached a week ago.The pair was likely to find support at 1.3332 and resistance at 1.3400.The euro fell to lows of 1.3335 on Tuesday after a report showed that investor confidence in Germany, the euro zone’s largest economy, slumped to the lowest level since December 2012 this month. The ZEW Centre for Economic Research reported that its index of German economic sentiment dropped to 8.6 this month, down from 27.1 in July, due to the impact of ongoing geopolitical tensions.
INTRADAY OUTLOOK
Support: 1.3355
Resistance: 1.3370
RECOMMENDATION:
1. Buy EUR/USD Above 1.3370: TG: 1.3390/1.3420 SL 1.3340
2. Sell EUR/USD Below 1.3355 TG: 1.3335/1.3305 SL 1.3385
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EUR/USD was at 1.3371, not far from the nine-month lows of 1.3332 reached a week ago.The pair was likely to find support at 1.3332 and resistance at 1.3400.The euro fell to lows of 1.3335 on Tuesday after a report showed that investor confidence in Germany, the euro zone’s largest economy, slumped to the lowest level since December 2012 this month. The ZEW Centre for Economic Research reported that its index of German economic sentiment dropped to 8.6 this month, down from 27.1 in July, due to the impact of ongoing geopolitical tensions.
INTRADAY OUTLOOK
Support: 1.3355
Resistance: 1.3370
RECOMMENDATION:
1. Buy EUR/USD Above 1.3370: TG: 1.3390/1.3420 SL 1.3340
2. Sell EUR/USD Below 1.3355 TG: 1.3335/1.3305 SL 1.3385
INTRADAY OUTLOOK
Support: 1.6695
Resistance: 1.6715
RECOMMENDATION:
1. Buy GBP/USD Above 1.6715 TG: 1.6735/ 1.6765 SL 1.6695
2. Sell GBP/USD Below 1.6695 TG: 1.6675/1.6645 SL 1.6715
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