TRADING
TIPS :
In U.S. trading on Friday, EUR/USD was
up 0.24% at 1.3398. A double-shot of mixed data and geopolitical
concerns took its toll on the dollar on Friday. The preliminary
Thomson Reuters/University of Michigan consumer sentiment index
ticked down to a nine-month low of 79.2 in August from 81.8 in July.
Analysts had expected the index to rise to 82.5 this month, and the
disappointing figure weakened the U.S. Currency. Separately, the New
York Federal Reserve said that its Empire State manufacturing index
fell to a four-month low of 14.69 this month from 25.60 in July,
worse than expectations for a decline to 20.0.
INTRADAY
OUTLOOK
Support:
1.6680
Resistance:
1.6700
RECOMMENDATION:
1.
Buy GBP/USD Above 1.6700- TG: 1.6720/ 1.6750 SL 1.6670
2.
Sell GBP/USD Below 1.6680- TG: 1.6660/ 1.6630 SL 1.6710
INTRADAY
OUTLOOK
Immediate
Support: 1.3390
Immediate
Resistance: 1.3403
RECOMMENDATION:
1.
Buy EUR/USD Above 1.3403- TG: 1.3423/1.3453 SL 1.3370
2.
Sell EUR/USD Below 1.3390- TG: 1.3370/1.3340 SL 1.3420
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