TRADING
TIPS :
EUR/USD hit session lows of 1.2605 and
was last down 0.22% to 1.2625.The euro hit session lows after data
showed that industrial output in Germany dropped by 4.0% in August.
It was the largest decline since early 2009 and was much worse than
forecasts for a fall of 1.5%The euro was broadly lower against the
other major currencies on Tuesday as weak German industrial
production data added to fears over the outlook for the euro zone
economy. The report came one day after data showed that German
factory orders fell 5.7% in August, fuelling fears that the euro
area’s largest economy is falling into a recession.
INTRADAY
OUTLOOK
Support:1.2585
Resistance:
1.2613
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2615-TG:1.2635/1.2665 SL 1.2585
2.
Sell EUR/USD Below 1.2582-TG:1.2562/1.2532 SL 1.2615
INTRADAY
OUTLOOK
Immediate
Support:108.30
Immediate
Resistance: 108.85
RECOMMENDATION:
1.
Buy USD/JPY Above 108.87-TG:109.07/109.37 SL 108.57
2.
Sell USD/JPY Below 108.30-TG:108.10/107.80 SL 108.60
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