TRADING
TIPS :
EUR/USD is currently trading with a
bullish bias. Yesterday, instead of going short as previously
forecasted, the pair rebounded from the support level 1.1040, headed
long but is yet to reach our target resistance level 1.1167. During
this intraday, we expect a bullish price movements towards 1.1167 or
even a break above it. This pair should be traded alongside AUD/JPY,
EUR/JPY, GBP/JPY and NZD/USD. 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 1.3055 TGT 1.3075 1.3105 SL 1.3025
SELL
GBPUSD BELOW 1.2935 TGT 1.2915 1.2885 SL 1.2905
RECOMMENDATION:
BUY
EURUSD AROUND 1.1111 TGT 1.1131 1.1161 SL 1.1081
SELL
EURUSD BELOW 1.1030 TGT 1.1010 1.0980 SL 1.1060
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