TRADING
TIPS :
The dollar was higher against the euro
on Wednesday, building on the previous session’s gains as investors
continued to await Friday’s U.S. nonfarm payrolls report.The
EUR/USD pair trades -0.13% lower at 1.0950, retreating from fresh
session lows of 1.0938. The EUR/USD pair trades -0.39% lower at
1.0922, hovering close to fresh session lows struck at 1.0917
pre-data release. The main currency pair extends its downward spiral
and mires near lows after the common currency failed to benefit from
the upbeat final services PMI reports from the Euro zone. The shared
currency came under renewed selling pressure versus its American
counterpart in Asia after the ECB President Mario Draghi offered
dovish comments, reiterating the need to re-examine the degree of
monetary policy accommodation at the ECB’s December meeting.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.5450 TARGET 1.5470 1.5500 SL1.5420
SELL
GBP/USD BELOW 1.5310 TARGET 1.5280 1.5250 SL 1.5340
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.0960 TARGET 1.0980 1.1010 SL1.0930
BUY
EUR/USD ABOVE 1.0960 TARGET 1.0980 1.1010 SL 1.0930
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