TRADING
TIPS :
EUR/USD hit 1.2738 during late Asian
trade, the session low; the pair subsequently consolidated at 1.2742,
dipping 0.06%.The pair was likely to find support at 1.2660 and
resistance at 1.2864, the high of September 24. The euro remained
under pressure after data showed that the Gfk German consumer climate
index ticked down to 8.3 this month, from a reading of 8.6 in August.
Analysts had expected the index to slip to 8.5.The report added to
concerns over the outlook for growth in the euro zone’s biggest
economy as data on Wednesday showed that Germany’s Ifo business
confidence index deteriorated for the fifth successive month in
September.
INTRADAY
OUTLOOK
Support:1.2674
Resistance:
1.2743
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2745-TG:1.2765/1.2795 SL 1.2715
2.
Sell EUR/USD Below 1.2672-TG:1.2652/1.2622 SL 1.2702
INTRADAY
OUTLOOK
Immediate
Support:1.6216
Immediate
Resistance: 1.6270
RECOMMENDATION:
1.
Buy GBP/USD Above 1.6272-TG:1.6292/1.6322 SL 1.6242
2.
Sell GBP/USD Below 1.6214-TG:1.6194/1.6164 SL 1.6244
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