TRADING
TIPS :
EUR/USD was up 0.22% to 1.2542, easing
back from Friday’s two year trough of 1.2499.The US Dollar Index,
which tracks the performance of the greenback against a basket of six
major currencies, slipped 0.21% to 86.60, not far from Friday’s
four-year peaks of 86.79. It notched up its twelfth consecutive
weekly gain last week, the longest rally since the index was created
in 1971.Demand for the dollar continued to be underpinned after
Friday’s stronger-than-forecast U.S. jobs report fuelled
expectations that the Federal Reserve could raise interest rates in
the middle of next year.
INTRADAY
OUTLOOK
Support:1.2534
Resistance:
1.2581
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2583-TG:1.2603/1.2633 SL 1.2553
2.
Sell EUR/USD Below 1.2532-TG:1.2512/1.2482 SL 1.2562
INTRADAY
OUTLOOK
Immediate
Support:108.95
Immediate
Resistance: 109.54
RECOMMENDATION:
1.
Buy USD/JPY Above 109.56-TG:109.76/110.06 SL 109.26
2.
Sell USD/JPY Below 108.92-TG:108.72/108.42 SL 109.22
0 comments:
Post a Comment