TRADING
TIPS :
EUR/USD is currently trading with a
decreasing upward momentum. Yesterday, the pair traded short as
previously forecasted but could not hit our target support 1.1291.
The previously daily candle is pretty much bearish and may lead to a
rally to the lower side. Thus, we still expect further momentum to
the lower side probably a break below 1.1291 is likely to push the
price further to the lower side but should not go beyond 1.1142. We
will only be interested in going long in case the pair clearly break
above 1.1403. This pair should be traded alongside NZD/USD, AUD/USD
and GBP/USD. These pairs have a strong positive correlation of up to
+0.91 and will have a similar price action during this intraday.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.4780 TGT 1.4800 1.4820 SL 1.4750
SELL
GBPUSD BELOW1.4650 TGT 1.4630 1.4600 SL 1.4680
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1372 TGT 1.1392 1.1422 SL 1.1342
SELL
EURUSD BELOW 1.1310 TGT 1.1290 1.1260 SL 1.1340
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