TRADING TIPS :
EUR/USD was down 0.49% to 1.2281, closing in on the two year low of 1.2246 struck on December 8. The dollar rallied after the Fed said it would be “patient” before raising rates, guidance which it said is consistent with earlier assurances statement that rates would stay low “for a considerable time.”The central bank acknowledged the improvement in the U.S. labor market and noted that the economy is making progress toward its goals in inflation and employment.At the bank’s post policy meeting press conference Fed Chair Janet Yellen said the Fed was unlikely to raise rates for the “next couple of meetings” indicating that a move in April at the earliest is possible.
INTRADAY OUTLOOK
Support: 1.2280
Resistance: 1.2351
RECOMMENDATION:
1. Buy EUR/USD Above 1.2353-TG:1.2373/1.2403 SL 1.2323
2. Sell EUR/USD Below 1.2278-TG:1.2258/1.2228 SL 1.2308
INTRADAY OUTLOOK
Immediate Support: 1.5615
Immediate Resistance: 1.5677
RECOMMENDATION:
1. Buy GBP/USD Above 1.5680-TG:1.5700/1.5730 SL 1.5650
2. Sell GBP/USD Below 1.5612-TG:1.5592/1.5562 SL 1.5642
No comments:
Post a Comment