TRADING TIPS :
EUR/USD held steady at 1.2379, as investors remained cautious following a surprise decision by the Greek government to bring forward a parliamentary vote for president to next week from February.Markets were spooked by the risk of snap elections which could take place if Prime Minister Antonis Samaras’ candidate is not approved by parliament, which could see the anti-bailout Syriza party take power.The decision prompted the stock market in Athens to plummet 9.5% on Tuesday, the largest one day decline in over 20 years. The Greek stock market suffered fresh falls on Wednesday and the yield on Greece’s 10-year bond rose to 8.55% from 8.12% late Tuesday.
INTRADAY OUTLOOK
Support: 1.2353
Resistance: 1.2399
RECOMMENDATION:
1. Buy EUR/USD Above 1.2401-TG:1.2421/1.2451 SL 1.2371
2. Sell EUR/USD Below 1.2350-TG:1.2330/1.2300 SL 1.2380
INTRADAY OUTLOOK
Immediate Support: 119.10
Immediate Resistance: 119.64
RECOMMENDATION:
1. Buy USD/JPY Above 119.66-TG:119.86/120.16 SL 119.36
2. Sell USD/JPY Below 119.08-TG:118.88/118.58 SL 119.38
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