EUR/USD hit 1.3186 during late Asian trade, the session low; the pair subsequently consolidated at 1.3195, shedding 0.34%.The pair was likely to find support at 1.3105 and resistance at 1.3297, the high of August 22. The dollar strengthened broadly after Fed Chair Janet Yellen said on Friday that the U.S. economy is recovering and added the labor market is improving as well.Ms. Yellen was speaking at the Fed’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming.At the same time, ECB President Mario Draghi told the Jackson Hole gathering that the central bank is ready to take more unconventional action if needed to stimulate a sluggish euro zone economy.
INTRADAY OUTLOOK
Support: 1.3149
Resistance: 1.3226
RECOMMENDATION:
1. Buy EUR/USD Above 1.3228 -TG:1.3248/1.3278 SL 1.3198
2. Sell EUR/USD Below 1.3147 -TG: 1.3127/1.3097 SL 1.3177
INTRADAY OUTLOOK
Immediate Support:1.6518
Immediate Resistance:1.6612
RECOMMENDATION:
1. Buy GBP/USD Above 1.6616 -TG: 1.6636/1.6666 SL 1.6586
2. Sell GBP/USD Below 1.6515 -TG:1.6495/1.6465 SL 1.6545
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