TRADING
TIPS :
The euro held steady at three-month
lows against the U.S. dollar on Tuesday, as news of Greece’s fresh
bailout deal last week failed to lend solid support to the single
currency and as trading volumes were expected to remain thin with no
major data expected from the U.S. EUR/USD hit 1.0812 during late
Asian trade, the session low; the pair subsequently consolidated at
1.0826. The euro failed to hold on to gains after Greek banks
reopened on Monday following a forced 3-week closure, while
restrictions on cash withdrawals remained in place. Also Monday,
Greece repaid the totality of its arrears of about €2.0 billion to
the International Monetary Fund. “Greece is no longer in arrears to
the IMF,” the Fund’s spokesman Gerry Rice announced on Monday.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5590 TARGET 1.5610 1.5640 SL 1.5560
SELL
GBPUSD BELOW 1.5525 TARGET 1.5505 1.5475 SL 1.5555
RECOMMENDATION:
BUY
EURUSD ABOVE 1.0965 TARGET 1.0985 1.1015 SL 1.0935
SELL
EURUSD BELOW 1.0915 TARGET 1.0895 1.0865 SL 1.0945
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