TRADING
TIPS :
EUR/USD touched session lows of 1.2623
and was last down 0.07% to 1.2660.The single currency remained under
pressure after data on Tuesday showing a steep decline in German
factory orders in August added to concerns that the euro area’s
largest economy being pulled into a recession.The weak data added to
expectations that the European Central Bank will implement fresh
stimulus measures to help bolster growth.The IMF said Tuesday that
Europe was experiencing a “multispeed recovery” and revised down
its growth forecasts for the euro zone’s three largest economies,
Germany, France and Italy.
INTRADAY
OUTLOOK
Support:1.2625
Resistance:
1.2690
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2692-TG:1.2712/1.2742 SL 1.2662
2.
Sell EUR/USD Below 1.2627-TG:1.2607/1.2587 SL 1.2657
INTRADAY
OUTLOOK
Immediate
Support:108.16
Immediate
Resistance: 108.53
RECOMMENDATION:
1.
Buy USD/JPY Above 108.55-TG:108.75/109.05 SL 108.25
2.
Sell USD/JPY Below 108.14-TG:107.94/107.64 SL 108.44
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