TRADING
TIPS :
The dollar edged lower against the EUR
on Monday, as investors continued to lock in profits from the
greenback’s recent rally and as trading volumes remained thin ahead
of the New Year holiday. Global financial markets closed early on
Thursday, Christmas Eve, and remained shut for Christmas Day on
Friday. Heading into the final week of the year, trading volumes are
expected to remain light as many traders already closed books due to
the holiday period, reducing liquidity in the market and increasing
volatility. EUR/USD edged up 0.22% to 1.0987.The U.S. dollar index,
which measures the greenback’s strength against a trade-weighted
basket of six major currencies, was down 0.12% at 97.89.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4940TARGET 1.4960 1.4990 SL 1.0910
SELL
GBPUSD BELOW 1.4920 TARGET 1.4900 1.4870 SL 1.4950
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.1000 TARGET 1.1020 1.1050 SL 1.0970
SELL
EUR/USD BELOW 1.0940 TARGET 1.0920 1.0890 SL 1.0970
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