TRADING
TIPS :
EUR/USD continued to retreat from
three-week highs from last Thursday, as market players awaited three
major central banking meetings later this week.The currency pair
traded between 1.1078 and 1.1153 in Monday’s session, before
settling at 1.1103, down 0.0062 and 0.45% on the day. Last Thursday,
the euro surged more than 1.6% against the dollar after the European
Central Bank approved a wide range of stimulus measures aimed at
bolstering economic growth throughout the euro zone. The euro has
closed above 1.11 against its American counterpart in each of the
last three sessions.EUR/USD likely gained support at 1.0709, the low
from January 5 and was met with resistance at 1.1378, the high from
Feb. 11.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4250 TARGET 1.4270 1.4290 SL 1.4210
SELL
GBP/USD BELOW 1.4200 TAGET 1.4180 1.4150 SL 1.4230
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.1140TARGET 1.1180 1.1210 SL 1.1110
SELL
EUR/USD BELOW 1.1070 TARGET 1.1050 1.1020 L 1.1100
0 comments:
Post a Comment