TRADING
TIPS :
The single currency is extending its
march north on Thursday, now lifting EUR/USD to test the vicinity of
the 1.1300 handle.The greenback has accelerated its downside momentum
following the opening bell in Euroland today, with markets posting
moderate gains and the pair navigating fresh peaks in the boundaries
of 1.1300 the figure.Later in the session, EMU’s final CPI figures
for the month of February are due, followed by US Initial Claims and
the Philly Fed survey. However, data releases area likely to be in
the back burner as market participants keep digesting the recent
dovish statement from the FOMC and crude oil dynamics keep sustaining
the risk-on sentiment.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4320 TARGET 1.4340 1.4370 SL 1.4290
SELL
GBP/USD BELOW 1.4250 TARGET 1.4230 1.4200 SL 1.4280
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.1320TARGET 1.1350 1.1380 SL 1.1290
SELL
EUR/USD BELOW 1.1260 TARGET 1.1240 1.1210 L 1.1290
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