TRADING TIPS :
EUR/USD was up 0.37% at 1.2483.U.S. housing starts fell unexpectedly last month, official data showed on Tuesday. The Census Bureau reported earlier that the number of housing starts fell to 1.028 million units in November from 1.045 million in the precedingmonth, whose figure was revised up from 1.009 million. Analysts had expected the number of housing starts to rise to 1.030 million last month.Building permits took a similar turn for the worse. The Census Bureau reported that the number of building permits issued in November fell to 1.035 million from 1.080 million in the preceding month.Analysts were expecting the number of building permits issued to fall to 1.060 million last month.
INTRADAY OUTLOOK
Support: 1.2472
Resistance: 1.2528
RECOMMENDATION:
1. Buy EUR/USD Above 1.2530-TG:1.2550/1.2580 SL 1.2500
2. Sell EUR/USD Below 1.2470-TG:1.2450/1.2420 SL 1.2500
INTRADAY OUTLOOK
Immediate Support: 116.72
Immediate Resistance: 117.35
RECOMMENDATION:
1. Buy USD/JPY Above 117.37-TG:117.57/117.87 SL 117.07
2. Sell USD/JPY Below 116.70-TG:116.50/116.20 SL 117.00
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