TRADING
TIPS :
EUR/USD was down 0.22% to 1.2478, off
session highs of 1.2522. The euro was slightly lower against the
dollar on Thursday after data showed that the annual rate of
inflation in Germany slowed to almost a five year low this month,
fuelling concerns over the risk of deflation in the euro
area.Germany’s consumer price index rose just 0.6% this month, data
on Thursday showed, down from 0.8% in October. On a month-over-month
basis, prices were flat. Investors were looking ahead to preliminary
data on euro zone inflation due to be released on Friday. The annual
rate of inflation in the euro zone fell to 0.4% in October, well
below the ECB’s target of close to but just under 2%.
INTRADAY
OUTLOOK
Support:
1.2437
Resistance:
1.2492
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2495-TG:1.2515/1.2545 SL 1.2465
2.
Sell EUR/USD Below 1.2430-TG:1.2410/1.2380 SL 1.2460
INTRADAY
OUTLOOK
Immediate
Support: 117.95
Immediate
Resistance: 118.65
RECOMMENDATION:
1.
Buy USD/JPY Above 118.67-TG:118.87/119.13 SL 118.37
2.
Sell USD/JPY Below 117.92-TG:117.72/117.42 SL 118.28
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