TRADING
TIPS :
EUR/USD hit fresh two-year lows of
1.2505, and was last down 1.30% to trade at 1.2504.The euro showed
little reaction after official data showed that euro zone retail
sales rose 1.2% in August, beating expectations for an uptick of
0.1%, after 0.4% fall in July. Earlier Friday, Markit said the euro
zone services purchasing managers’ index ticked down to 52.4 in
September from 52.8 the previous month, confounding expectations for
the index to remain unchanged. Markit also reported that Germany’s
services PMI rose to 55.7 last month from a reading of 55.4 in
August, while France’s services PMI fell to 48.4 in September from
49.4 in August.
INTRADAY
OUTLOOK
Support:1.2447
Resistance:
1.2519
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2521-TG:1.2541/1.2571 SL 1.2491
2.
Sell EUR/USD Below 1.2445-TG:1.2425/1.2395 SL 1.2475
INTRADAY
OUTLOOK
Immediate
Support:1.5926
Immediate
Resistance: 1.5984
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5986-TG:1.6006/1.6036 SL 1.5956
2.
Sell GBP/USD Below 1.5924-TG:1.5904/1.5874 SL 1.5954
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