TRADING
TIPS :
EUR/USD hit 1.2490 during European
afternoon trade, the session high; the pair subsequently consolidated
at 1.2482, adding 0.13% The pair was likely to find support at
1.2400, the low of November 25 and resistance at 1.2571, the high of
November 21. The euro edged higher against the U.S. dollar on Friday,
but gains were expected to remain limited as euro zone inflation data
added to expectations for the European Central Bank to announce
additional stimulus measures at its monthly policy meeting next
week.Official data earlier showed that euro zone consumer price
inflation ticked down to an annualized rate of 0.3% this month from
0.4% in October, in line with expectations.
INTRADAY
OUTLOOK
Support:
1.2430
Resistance:
1.2480
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2482-TG:1.2502/1.2532 SL 1.2452
2.
Sell EUR/USD Below 1.2428-TG:1.2408/1.2378 SL 1.2458
INTRADAY
OUTLOOK
Immediate
Support: 118.52
Immediate
Resistance: 119.10
RECOMMENDATION:
1.
Buy USD/JPY Above 119.12-TG:119.32/119.62 SL 118.82
2.
Sell USD/JPY Below 118.50-TG:118.30/118.00 SL 118.80
0 comments:
Post a Comment