TRADING
TIPS :
The euro climbed against the U.S.
dollar on Friday, as upbeat euro zone data inflation and unemployment
data. lent support, while concerns over the strength of the U.S.
economy dampened demand for the greenback. EUR/USD hit 1.1072 during
U.S. morning trade, the pair’s highest since October 28; the pair
subsequently consolidated at 1.1054, advancing 0.70%. The pair was
likely to find support at 1.0902, Thursday’s low and resistance at
1.1095, the high of October 28. Eurostat, the statistical body of the
European Union, reported on Friday that the annual rate of inflation
was flat in September, compared to expectations for a 0.1% uptick.
Euro zone inflation fell 0.1% in August. It was the first time in six
months that the region saw declining inflation.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.5370 TARGET 1.5390 1.5430 SL 1.5340
SELL
GBP/USD BELOW 1.5300 TARGET 1.5280 1.5250 SL 1.5340
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.1050 TARGET 1.1070 1.1100 SL 1.1020
SELL
EUR/USD BELOW 1.1000 TARGET 1.0980 1.0950 SL 1.1030
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