TRADING
TIPS :
The euro slid to session lows against
the dollar and the yen on Wednesday after data showing that euro area
inflation was revised lower for August added to fears that the
European Central Bank may scale up its stimulus program. EUR/USD hit
lows of 1.1231, down from around 1.1255 ahead of the data, while
EUR/JPYwas at 135.21, down 0.38% for the day.The euro moved lower
after Eurostat said the final reading of the euro zone annual
inflation rate was revised to 0.1% from an initial estimate of
0.2%.Core inflation, which excludes volatile food and energy prices,
was unchanged at 0.3% from a month earlier and 0.9% on a
year-over-year basis.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5520 TARGET 5540 5570 SL 1.5490
SELL
GBPUSD BELOW 1.5480 TARGET 1.5460 1.5430 SL 1.5500
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1320 TARGET 1.1340 1.1370 SL 1.1290
SELL
EURUSD BELOW 1.1290 TARGET 1.1270 1.1240 SL 1.1320
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