TRADING
TIPS :
The euro fell to a one-week low against
the U.S. dollar on Thursday, as investors awaited the release of U.S.
data later in the day and as trading volumes became increasingly thin
ahead of the New Year holiday on Friday. Heading into the final
trading session of the year, volumes were expected to remain light as
many traders already closed books, reducing liquidity in the market
which could result in exaggerated moves. EUR/USD hit 1.0888 during
European afternoon trade, the pair’s lowest since December 23; the
pair subsequently consolidated at 1.0890, sliding 0.39%. The pair was
likely to find support at 1.0845, the low from December 21 and
resistance at 1.0991, the high of December 29.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4750 TARGET 1.4790 1.4850 SL 1.4690
SELL
GBP/USD BELOW 1.4660 TARGET 1.4620 1.4560 SL 1.4720
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4750 TARGET 1.4790 1.4850 SL 1.4690
SELL
GBP/USD BELOW 1.4660 TARGET 1.4620 1.4560 SL 1.4720
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