TRADING
TIPS :
EUR/USD was up 0.25% at 1.2472, up from
a session low of 1.2403 and off a high of 1.2486. The pair was likely
to find support at 1.2372, Monday’s low, and resistance at 1.2600,
last Wednesday’s high.The euro firmed against the dollar on Tuesday
after a poor U.S. consumer confidence report offset upbeat economic
growth data and sent investors selling the greenback for profits.The
Conference Board market research group reported earlier that consumer
confidence index fell to 88.7 this month from a 94.1 in October,
whose figure was revised down from a previously reported 94.5. The
dollar has rallied in recent weeks on expectations for U.S. monetary
policy to grow less accommodative while European and Asian central
banks move in the opposite direction.
INTRADAY
OUTLOOK
Support:
1.2440
Resistance:
1.2505
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2507-TG:1.2527/1.2557 SL 1.2477
2.
Sell EUR/USD Below 1.2438-TG:1.2418/1.2388 SL 1.2468
INTRADAY
OUTLOOK
Immediate
Support: 117.64
Immediate
Resistance: 118.11
RECOMMENDATION:
1.
Buy USD/JPY Above 118.13-TG:118.33/118.63 SL 117.83
2.
Sell USD/JPY Below 117.62-TG:117.42/117.12 SL 117.92
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