TRADING
TIPS :
The
EUR/USD pair gradually extends to the downside during the mid-Asian
trades, moving slightly away from 1.15 barrier, as sentiment remains
mixed in Asia amid negative equities and a broadly muted US dollar.
EUR/USD trades almost unchanged at fresh session lows of 1.1482,
retreating from daily highs hit at 1.1494 earlier today. The main
currency pair consolidates sharp declines witnessed over the past two
trading session, and now meets fresh supply, taking the pair below
hourly 100-SMA support located at 1.1486 levels.The EUR/USD pair
stalled its minor pullback from NY lows just ahead of 1.15 mark and
resumed the downside consolidation thereon, now awaiting fresh
impetus amid low volumes and minimal volatility as most major
European markets remain closed today in observance of Ascension Day.
RECOMMENDATION:
BUY
GBP/USD ABOVE1.4465 TGT 1.4485 1.4515 SL 1.4435
SELL
GBPUSD AROUND 1.4519 -1.4517 TGT 1.4499 1.4469 SL 1.4549
RECOMMENDATION:
BUY
EUR/USD AROUND 1.1388-1.1390 TGT 1.1410 1.1440 SL 1.1358
SELL
EUR/USD BELOW 1.1420 TGT 1.1400 1.1370 SL 1.1450
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