TRADING TIPS :
EUR/USD hit 1.3208 during late Asian trade, the session high; the pair subsequently consolidated at 1.3209, adding 0.13%.The pair was likely to find support at 1.3179, Monday’s low and resistance at 1.3297, the high of August 22. The euro had come under pressure on Monday after European Central Bank President Mario Draghit said at Jackson Hole on Friday that the central bank is ready to take more unconventional action if needed to stimulate a sluggish euro zone economy.In addition, the German Ifo Business Climate Index fell to a more than one-year low of 106.3 this month, below forecasts for 107.0 and down from a reading of 108.0 in July.
INTRADAY OUTLOOK
Support: 1.3160
Resistance: 1.3223
RECOMMENDATION:
1. Buy EUR/USD Above 1.3225 -TG:1.3245/1.3275 SL 1.3195
2. Sell EUR/USD Below 1.3158-TG: 1.3138/1.3108 SL 1.3188
INTRADAY OUTLOOK
Immediate Support:1.6546
Immediate Resistance:1.6610
RECOMMENDATION:
1. Buy GBP/USD Above 1.6613 -TG: 1.6633/1.6663 SL 1.6583
2. Sell GBP/USD Below 1.6543- TG:1.6523/1.6493 SL 1.6573
Immediate Resistance:1.6610
RECOMMENDATION:
1. Buy GBP/USD Above 1.6613 -TG: 1.6633/1.6663 SL 1.6583
2. Sell GBP/USD Below 1.6543- TG:1.6523/1.6493 SL 1.6573
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