TRADING
TIPS :
EUR/USD is currently trading with a
bullish bias. As previously forecasted, the pair continues to trade
within the consolidation zone 1.1167-1.1034. As long as the pair
trades within this consolidation, we expect to trade reversals within
the range. A breakout above 1.1167 will lead to a possible bullish
price movements towards 1.1267 while a breakout below 1.1034 will
culminate into a possible bearish price rally towards 1.0935. This
pair should be traded alongside GBP/USD, GBP/CHF, and EUR/JPY. These
pairs have a strong positive correlation of up to +0.92 and will have
a similar price action during this intraday.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.3180 TGT 1.3200 1.3230 SL 1.3150
SELL
GBPUSD BELOW 1.3170 TGT 1.3150 1.3120 SL 1.3200
RECOMMENDATION:
BUY
EURUSD AROUND 1.1125 TGT 1.1145 1.1175 SL 1.1095
SELL
EURUSD BELOW 1.1070 TGT 1.1050 1.1020 SL 1.1100
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