Trading Tips:The euro surged against the dollar on Tuesday posting its largest one-day rally in nearly three months, as ambiguities related to the Greek debt crisis and poor U.S. economic data remained in focus. EUR/USD soared more than 2.15% to an intraday high of 1.1192 before falling slightly back to 1.1153 in U.S. afternoon trading. Still, the pair finished with its sharpest daily gain since Mar. 18 and closed above 1.10 for the first time in eight sessions. European Central Bank president Mario Draghi, International Monetary Fund head Christine Lagarde, Germany chancellor Angela Merkel, France president Francois Hollande and European Com- mission president Jean-Claude Juncker were among the officials present at the meeting. The meetings transpired days before a Greek deadline to meet a €304 million obligation to the IMF on Friday. In total, Greece owes more than €1.1 billion to the IMF in four separate payments by the end of this month.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5390 TARGET 1.5410 1.5440 SL 1.5360
SELL GBP/USD BELOW 1.5300 TARGET 1.5280 1.5250 SL 1.5330
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