TRADING
TIPS :
The EUR to USD pair continues to drift
lower, yet it still retains the majority of the gains registered
following the ECB meeting from last week.Momentum indicators in a
number of time frames are therefore still pointing higher and
advocating for more gains.On the fundamental front guidance will be
provided by the US Federal Reserve’s policy meeting due on
Wednesday. With many arguing the ECB is at the limit of its abilities
movement in EUR/USD could now be in the hands of US decision
makers.Nevertheless, the charts reflect the technical structure of
the markets and therefore hold real-life implications for future
direction in the exchange rate. That is why we sound out the latest
views of the leading technical analysts with the view of decoding
where the most likely steps in the EUR to USD will be.As always views
are mixed, but these views allow the reader to take on board
different opinions and arrive at independent opinions.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4150 TARGET 1.4170 1.4200 SL 1.4120
SELL
GBP/USD BELOW 1.4080 TAGET 1.4060 1.4030 SL 1.4110
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.1130TARGET 1.1150 1.1180 SL 1.1100
SELL
EUR/USD BELOW 1.1060 TARGET 1.1040 1.1010 L 1.1090
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