TRADING
TIPS :
EUR/USD fell mildly on Thursday, as the
minutes from the European Central Bank’s March meeting depicted a
broadly unified Governing Council on the prospects of implementing
comprehensive easing measures as a means for boosting economic growth
throughout the euro area. The currency pair traded in a tight range
between 1.1338 and 1.1454, before closing at 1.1377, down 0.0022 or
0.19%. The euro closed above 1.13 versus the dollar for the seventh
consecutive session. Over the last month of trading, the euro has
surged more than 3.3% against its American counterpart amid strong
indications that the Federal Reserve and the ECB will avoid even
sharper divergences at least for the time being.EUR/USD likely gained
support at 1.0538, the low from December 3 and was met with
resistance at 1.1496, the high from Oct. 15.
RECOMMENDATION:
BUY
GBP USD ABOVE 1.4135 TARGET 1.4165 1.4195 SL 1.4105
SELL
GBP USD BELOW 1.4100 TARGET 1.4080 1.4050 SL 1.4130
RECOMMENDATION:
BUY
EUR USD ABOVE 1.1405 TARGET 1.1435 1.1465 SL 1.1375
SELL
EUR USD BELOW 1.1390 TARGET 1.1370 1.1340 SL 1.1425
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