TRADING
TIPS :
EUR/USD treaded water during the
session . The range of trading did not exceed 50 pips, while
important US fundamentals failed to provide this currency pair with
any momentum. Bears want to push the cross below monthly S1 at
1.1022, but they will have to overcome the long term downtrend at
first. As the US is heading towards FOMC meeting later on Wednesday,
EUR/USD will most likely remain vulnerable to any influential events.
In case more members decide to vote for a rate hike, we may see the
cross trading below 1.10. Meanwhile, daily indicators prefer to stay
neutral at the moment.
RECOMMENDATION:
BUY
GBP USD ABOVE 1.5320 TARGET 1.5340 1.5380 SL 1.5282
SELL
GBP USD BELOW 1.5250 TARGET 1.5210 1.5170 SL 1.5290
RECOMMENDATION:
BUY
EUR USD ABOVE 1.1090 TARGET 1.1030 1.1160 SL 1.1060
SELL
EUR USD BELOW 1.1040 TARGET 1.1010 1.0970 SL 1.1060
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