Trading Tips:The euro was almost unchanged against the U.S. dollar on Friday, as investors remained cautious ahead of the weekend’s Greek referendum on whether or not the country’s should accept its creditor’s bailout terms. EUR/USD hit 1.1100 during late Asian trade, the session high; the pair subsequently consolidated at 1.1093. The pair was likely to find support at 1.1032, the low of July 1 and resistance at 1.1171, the high of July 1. Hopes for a last minute deal between Greece and the euro zone were quashed on Wednesday after Greek Prime Minister Alexis Tsipras urged voters to reject the terms of an international bailout deal. Greek voters are due to decide on Sunday whether to accept terms proposed by the institutions overseeing the country’s now-expired bailout, the European Central Bank, the International Monetary Fund and the European Commission, or reject them.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5665 TARGET 1.5685 1.5715 SL 1.5635
SELL GBP/USD BELOW 1.5520 TARGET 1.5500 1.5470 SL 1.5550
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