TRADING
TIPS :
The EUR/USD pair fell down to 1.0831 at
the beginning of the day, with the greenback extending the rally
triggered by the FED late Thursday, when the US Central Bank finally
announce a 25bp rate rise, writing a new chapter in the history of
monetary policy. The U.S. dollar index, which measures the
greenback’s strength against a trade-weighted basket of six major
currencies, was up 0.50% at 98.90, the highest level since December
3.The Greenback remains in demand after the Fed Dot Chart released
yesterday hinted at 4 rate hikes in 2016. This surprised markets as
the Fed was widely expected to indicate a slow path of tightening.
Consequently, the EUR/USD failed to extend the minor recovery seen in
early Europe and fell below 1.0852 levels.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4970 TARGET 1.4990 1.5020 SL 1.4940
SELL
GBP/USD BELOW 1.4920 TARGET 1.4900 1.4870 SL 1.4950
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.0870 TARGET 1.0890 1.0920 SL 1.0940
SELL
EUR/USD BELOW 1.0840 TARGET 1.0820 1.0790 SL 1.0870
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