TRADING
TIPS :
EUR/USD hit 1.1360 during late Asian
trade, the pair’s highest since August 27; the pair subsequently
consolidated at 1.1351, up 0.11%. The pair was likely to find support
at 1.1253, Friday’s low and resistance at 1.1366, the high of
August 27.Sentiment on the dollar remained vulnerable amid concerns
that mixed U.S. economic reports and recent volatility in global
financial markets will prompt the U.S. central bank to refrain from
hiking interest rates on Thursday.The euro edged up to two-and-a-half
week highs against the U.S. dollar on Monday, as investors remained
cautious ahead of the Federal Reserve’s highly-anticipated policy
meeting this week.
RECOMMENDATION:
BUY
GBP USD ABOVE 1.5435 TARGET 1.5455 1.5485 SL 1.5405
SELL
GBP USD BELOW 1.5415 TARGET 1.5395 1.5365 SL 1.5445
RECOMMENDATION:
BUY
EUR USD ABOVE 1.1330 TARGET 1.1350 1.1380 SL 1.1300
SELL
EUR USD BELOW 1.1300 TARGET 1.1280 1.1250 SL 1.1330
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