TRADING
TIPS :
EUR/USD is currently trading with a
slight bullish bias. Yesterday, the pair traded long and even hit our
target resistance level 1.1118. This pair is still petty much bullish
on the daily chart and may rally towards 1.1169. As long as the pair
trades within the rising channel, we expect an acceleration to the
upper side. The current downward rally on the daily chart is a mere
pullback and should not go below 1.1064. This pair should be traded
alongside NZD/USD, GBP/USD and AUD/ USD. These pairs have a strong
positive correlation of up to +0.89 and will have a similar price
action during this intraday.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.3530 TGT 1.3550 1.3580 SL 1.3500
SELL
GBPUSD BELOW 1.3420 TGT 1.3400 1.3370 SL 1.345
0
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1140 TGT 1.1160 1.1190 SL 1.1110
SELL
EURUSD BELOW 1.1075 TGT 1.1055 1.1025 SL 1.1105
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