TRADING
TIPS :
EUR/USD hit lows of 1.2590, the weakest
since September 2012, and was last down 0.63% to 1.2605.The drop in
the euro came after official data showed that the annual rate of euro
are inflation fell to a five year low of 0.3% this month from 0.4% in
August. The slowdown in inflation added to pressure on the European
Central Bank to implement additional stimulus measures to stave off
the threat of deflation in the region after the bank unexpectedly cut
rates to record lows last month. A separate report showed that the
euro zone’s unemployment rate was unchanged at 11.5% in
August.Germany’s unemployment rate remained unchanged at 6.7% last
month, in line with estimates.
INTRADAY
OUTLOOK
Support:1.2564
Resistance:
1.2614
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2616-TG:1.2636/1.2666 SL 1.2586
2.
Sell EUR/USD Below 1.2562-TG:1.2542/1.2512 SL 1.2592
INTRADAY
OUTLOOK
Immediate
Support:1.6164
Immediate
Resistance: 1.6203
RECOMMENDATION:
1.
Buy GBP/USD Above 1.6205-TG:1.6225/1.6255 SL 1.6175
2.
Sell GBP/USD Below 1.6162-TG:1.6142/1.6112 SL 1.6192
0 comments:
Post a Comment