TRADING TIPS :
EUR/USD was down 0.67% at 1.2387, up
from a session low of 1.2386 and off a high of 1.2507.The pair was
likely to find support at 1.2357, the low from Nov. 24, and
resistance at 1.2507, Monday’s high. The euro weakened against the
dollar on Tuesday after investors sold the currency and jumped to the
sidelines to await the European Central Bank’s decision on interest
rates and monetary policy later this week. The European Central Bank
will announce its latest decision on monetary policy this Thursday,
and investors avoided the euro ahead of time on uncertainty as to
whether monetary authorities will announce fresh stimulus measures.
INTRADAY
OUTLOOK
Support:
1.2345
Resistance:
1.2499
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2500-TG:1.2520/1.2550 SL 1.2470
2.
Sell EUR/USD Below 1.2342-TG:1.2322/1.2292 SL 1.2372
INTRADAY
OUTLOOK
Immediate
Support: 119.12
Immediate
Resistance: 119.66
RECOMMENDATION:
1.
Buy USD/JPY Above 119.68-TG:119.88/120.18 SL 119.38
2.
Sell USD/JPY Below 119.10-TG:118.90/118.60 SL 119.40
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