TRADING
TIPS :
The EUR/USD pair showed mixed trading
yesterday affected by the ECB president press conference that
followed the Euro rate decision that remained unchanged, as the price
approached from the key resistance 1.1420, but it bounced downwards
quickly to settle near 1.1264 support, and as long as the price is
above this level, our positive overview will remain valid for the
upcoming period, supported by stochastic move near the oversold
areas. Therefore, we are waiting positive trading on the intraday and
short term basis, and breaching 1.1420 level will ease the mission of
heading towards 1.1494 followed by 1.1700 levels, noting that it is
important to hold above 1.1264 and 1.1245 levels to achieve the
suggested targets.
RECOMMENDATION:
BUY
GBP USD ABOVE 1.4425 TARGET 1.4445 1.4475 sl 1.4395
SELL
GBP USD BELOW 1.4400 TARGET 1.4380 1.4350 SL 1.4430
RECOMMENDATION:
BUY
EUR USD ABOVE 1.1240 TARGET 1.1260 1.1290 SL 1.1210
SELL
EUR USD BELOW 1.1220 TARGET 1.1200 1.1170 SL 1.1250
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