TRADING TIPS :
GBP/USD hit 1.5398 during European
morning trade, the session high; the pair subsequently consolidated
at 1.5371.U.K. construction purchasing managers’ index increased to
60.1 last month from a reading of 59.1 in January. Economists had
expected the index to tick down to 59.0 in February. “Housing,
commercial and civil engineering activity all expanded at the
quickest rates since last October, helped by sharp rises in new
business volumes and an improving economic backdrop.”The dollar had
rallied broadly on Monday after data showed that U.S. manufacturing
activity continued to expand in February supported expectations for
higher interest rates.
INTRADAY
OUTLOOK
Support:
1.5337
Resistance:
1.5394
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5396-TG: 1.5416/1.5446 SL 1.5366
2.
Sell GBP/USD Below 1.5335-TG: 1.5315/1.5285 SL 1.5365
INTRADAY
OUTLOOK
Support:
1.1148
Resistance:
1.1187
RECOMMENDATION:
1.
Buy EUR/USD Above 1.1189-TG: 1.1209/1.1239 SL 1.1159
2.
Sell EUR/USD Below 1.1146-TG: 1.1126/1.1096 SL 1.1176
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