TRADING
TIPS :
GBP/USD slipped 0.2% to 1.5526, off
Friday’s three-week highs of 1.5597. The pound slid lower against
the dollar on Monday as mounting concerns over the prospects of a
Greek default and caution ahead of a Federal Reserve meeting later in
the week dominated market sentiment. Safe haven demand for the dollar
was boosted after last ditch talks between Greece and its
international creditors ended without an agreement on Sunday night,
adding to fears over a debt default that would threaten Greece’s
future in the euro zone. European Union officials blamed the collapse
in talks on Greece, saying it had failed to offer any new reforms to
secure the funding it needs.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5615 TARGET 1.5535 1.5565 SL 1.5585
SELL
GBPUSD BELOW 1.5590 TARGET 1.5570 1.5540 SL 1.5620
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1290 TARGET 1.1310 1.1340 SL 1.1260
SELL
EURUSD BELOW 1.1260 TARGET 1.1240 1.1210 SL 1.1290
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