TRADING
TIPS :
The euro rose near one-week highs
against the U.S. dollar on Wednesday, as demand for the single
currency remained supported as Greek lawmakers prepared for a second
vote on bailout reforms. EUR/USD hit 1.0960 during late Asian trade,
the session high; the pair subsequently consolidated at 1.0962,
adding 0.24%.The Greek parliament was set to vote later Wednesday on
a second set of re- forms needed to secure the country’s bailout
deal. If lawmakers approve the financial and judicial reforms, Greece
will be able to press ahead with negotiations for an €86 billion
bailout from its creditors. On Monday, Greek banks reopened following
a forced 3-week closure, while restrictions on cash withdrawals
remained in place.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5630 TARGET 1.5650 1.5680 SL 1.5600
SELL
GBPUSD BELOW 1.5525 TARGET 1.5505 1.5475 SL 1.5555
RECOMMENDATION:
BUY
EURUSD ABOVE 1.0970 TARGET 1.0990 1.1020 SL 1.0940
SELL
EURUSD BELOW 1.0870 TARGET 1.0850 1.0820 SL 1.0900
0 comments:
Post a Comment