TRADING TIPS :
EUR/USD hit lows of 1.2295, the weakest since August
20, 2012 and was last at 1.2315.Persistently low levels of inflation
and a faltering economic recovery have added to pressure on the ECB
to step up measures to spur growth. The bank was expected to stop
short of announcing quantitative easing measures but could extend its
program of asset purchases. Surveys of euro zone private sector
activity on Wednesday indicated that the region would post only
marginal economic growth in the fourth quarter.Meanwhile, the US
dollar index, which measures the greenback against a basket of six
major currencies, was steady at five-and-a-half year highs of 88.99.
INTRADAY
OUTLOOK
Support:
1.2288
Resistance:
1.2348
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2350-TG:1.2370/1.2400 SL 1.2320
2.
Sell EUR/USD Below 1.2285-TG:1.2265/1.2235 SL 1.2315
INTRADAY
OUTLOOK
Immediate
Support: 119.72
Immediate
Resistance: 120.27
RECOMMENDATION:
1.
Buy USD/JPY Above 120.29-TG:120.49/120.79 SL 119.99
2.
Sell USD/JPY Below 119.70-TG:119.50/119.20 SL 120.00
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