TRADING
TIPS :
GBP/USD hit 1.5131
during European morning trade, the session low; the pair subsequently
consolidated at 1.5146, sliding 0.28%.The pound fell against the U.S.
dollar on Monday, pulling back from eight-week highs as the greenback
regained some strength after downbeat U.S. data released last week
sent the currency broadly lower and as markets eyed upcoming U.K.
data on first quarter growth. Cable was likely to find support at
1.5025, the low of April 24 and resistance at 1.5256, the high of
March 6.The dollar came under pressure after the Commerce Department
reported Friday that orders for durable goods, excluding aircraft,
fell 0.5% in March, after a downwardly revised 2.2% drop in February.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5238 TARGET 1.5258 1.5288 SL 1.5208
SELL
GBPUSD BELOW 1.5224 TARGET 1.5204 1.5174 SL 1.5254
RECOMMENDATION:
BUY
EURUSD ABOVE 1.0885 TARGET 1.0905 1.0935 SL 1.0855
SELL
EURUSD BELOW 1.0878 TARGET 1.0858 1.0828 SL 1.0908
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