EUR/USD hit 1.2868 during European morning trade, the session high; the pair subsequently consolidated at 1.2855, adding 0.19%The pair was likely to find support at 1.2826, the low of September 19 and resistance at 1.2929, the high of September 19.The euro edged up against the U.S. dollar on Monday, easing off a 14-month low but gains were expected to be capped as growing expectations for an early U.S. rate hike continued to support the greenback.The euro has remained under broad selling pressure since the European Central Bank unexpectedly cut rates to record lows across the euro zone earlier this month, and implemented fresh measures in an attempt to shore up inflation in the currency bloc.
INTRADAY OUTLOOK
Support: 1.2841
Resistance: 1.2850
RECOMMENDATION:
1. Buy EUR/USD Above 1.2854-TG:1.2874/1.2904 SL 1.2834
2. Sell EUR/USD Below 1.2838-TG:1.2818/1.2788 SL 1.2868
INTRADAY OUTLOOK
Immediate Support:1.6326
Immediate Resistance:1.6340
RECOMMENDATION:
1. Buy GBP/USD Above 1.6342-TG:1.6362/1.6392 SL 1.6312
2. Sell GBP/USD Below 1.6323-TG:1.6303/1.6273 SL 1.6353
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