TRADING
TIPS :
EUR/USD keeps its march north intact on
Friday, now trading at shouting distance from the psychological
handle at 1.10.The pair has resumed yesterday’s upside momentum,
this time propped up by an abrupt leap to session highs in EUR/GBP in
response to an increased offered tone around the sterling.Next on tap
for the pair will be the release of US Non-farm Payrolls, expected at
190K during February, with the jobless rate staying put at 4.9%.
EUR/USD is trading at 1.0950 in Friday’s European session, after
posting strong gains on Thursday. On the release front, the sole
Eurozone release is Retail PMI. It’s a busy day in the US, with
four key events, led by Nonfarm Employment Change. The markets are
expecting a strong turnaround in the upcoming release, with an
estimate of 195 thousand.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4180 TARGET 1.4200 1.4240 SL 1.4140
SELL
GBP/USD BELOW 1.4100 TARGET 1.4080 1.4040 SL 1.4140
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.0980 TARGET 1.1000 1.1040 SL 1.0940
SELL
EUR/USD BELOW 1.0930 TARGET 1.0910 1.0870 SL 1.0970
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