TRADING
TIPS :
EUR/USD posted moderate gains in a
cautious session, as investors continued to await the Federal
Reserve’s latest monetary policy decision in intraday trading on
Wednesday afternoon. The currency pair traded between 1.1256 and
1.1339, before settling at 1.1298, up 0.0032 or 0.28% on the session.
Following a brief four-day losing streak last week, the euro has
closed higher against the dollar in each of the last two trading
days. Despite the slight gains, the euro has still closed below 1.13
against the dollar in the last six sessions. Nevertheless, the euro
is still up against its American counterpart by 1% over the last
month, amid dovish indications from the Fed of a delayed interest
rate hike.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
GBPUSD ABOVE 1.4640 TARGET 1.4660 1.4690 SL BELOW 1.4630
SELL
GBPUSD BELOW 1.4566 TARGET 1.4546 1.4516 SL ABOVE 1.4596
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1341 TARGET 1.1361 1.1391 SL BELOW 1.4610
SELL
EURUSD BELOW 1.1301 TARGET 1.1281 1.1251 SL ABOVE 1.1331
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