TRADING
TIPS :
The euro was almost unchanged against
the U.S. dollar on Thursday, after Greek lawmakers passed a second
set of crucial reforms on Wednesday, leading the way to the country’s
third bailout. EUR/USD hit 1.0956 during late Asian trade, the
session high; the pair subsequently consolidated at 1.0931. A
majority of Greek lawmakers voted in favor of a second set of reforms
late Wednesday, signalling that negotiations on an €86 billion
European Union bailout can begin. The country is aiming for a deal by
the middle of next month. The new measures include changes to Greek
banking and an overhaul of the judiciary system. Greece had passed an
initial set of austerity measures imposed by its creditors last week.
These were a mix of economic reforms and budget cuts demanded before
bailout talks could continue.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5535 TARGET 1.5555 1.5585 SL 1.5505
SELL
GBPUSD BELOW 1.5495 TARGET 1.5475 1.5445 SL 1.5525
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1020 TARGET 1.1040 1.1070 SL 1.0990
SELL
EURUSD BELOW 1.0950 TARGET 1.0930 1.0900 SL 1.0980
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