TRADING
TIPS :
The euro trimmed losses against the
U.S. dollar on Friday, but remained under pres- sure as upbeat U.S.
jobs data lent support to the greenback and as Chinese markets
stabilized. EUR/USD eased off 1.0803, the session low, to hit 1.0872
during U.S. morning trade, still down 0.55%. The pair was likely to
find support at 1.0769, Thursday’s low and resistance at 1.0992,
the high of December 29.The dollar strengthened broadly after the
U.S. Labor Department said the economy added 292.000 jobs in
December, beating expectations for a rise of 200.000. The U.S.
economy added 252.000 jobs in November, whose figure was revised from
a previously estimated 211.000 gain.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4550 TARGET 1.4570 1.4600 SL 1.4520
SELL
GBP/USD BELOW 1.4480 TARGET 1.4460 1.4430 SL 1.452
0
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.0930 TARGET 1.0950 1.0980 SL 1.0890
SELL
EUR/USD BELOW 1.0850 TARGET 1.0830 1.0800 SL 1.0890
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