TRADING
TIPS :
EUR/USD closed sharply higher on
Thursday, erasing massive losses earlier in the session, as Mario
Draghi pushed the euro dramatically upward by vowing not to cut
interest rates any further after the European Central Bank adopted a
wide range of stimulus measures at a closely-watched meetingThe
currency pair traded in a broad range between 1.0823 and 1.1217,
before settling at 1.1178, up 1.75% on the session. At session lows,
the euro fell to its lowest level against the dollar in six weeks.
The euro, however, quickly rebounded following Draghi’s comments,
reaching its highest point since mid-February.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4250 TARGET 1.4270 1.4300 SL 1.4220
SELL
GBP/USD BELOW 1.4180 TAGET 1.4160 1.41300 SL 1.4210
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.0990 TARGET 1.1020 1.1060 SL 1.0960
SELL
EUR/USD BELOW 1.0930 TARGET 1.0900 1.0870 L 1.0960
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