TRADING
TIPS :
EUR/USDwas up 0.31% at 1.2429, up from
a session low of 1.2363 and off a high of 1.2443. The pair was likely
to find support at 1.2503, last Thursday’s low, and resistance at
1.2600, last Wednesday’s high. The euro firmed against the dollar
on Monday after an upbeat German business climate report surpassed
expectations and offset ongoing expectations for the European Central
Bank to loosen policy in the near future.The single currency found
support after a report showed that German business sentiment improved
this month after six successive months of declines, indicating that
the downturn the euro area’s largest economy may be ending.
INTRADAY
OUTLOOK
Support:
1.2397
Resistance:
1.2443
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2445-TG:1.2464/1.2495 SL 1.2415
2.
Sell EUR/USD Below 1.2395-TG:1.2375/1.2345 SL 1.2425
INTRADAY
OUTLOOK
Immediate
Support: 117.72
Immediate
Resistance: 118.34
RECOMMENDATION:
1.
Buy USD/JPY Above 118.36-TG:118.56/118.86 SL 118.06
2.
Sell USD/JPY Below 117.70-TG:117.50/117.20 SL 118.00
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