Trading Tips:After bottoming out in session lows near 1.1060, EUR/USD has recovered part of its shine and is now back around the 1.1090 area. EUR/USD focus on US data Last week’s auspicious results from the US docket have reignited the likeliness that the Federal Reserve could hike rates as soon as next month, giving extra legs to the recent USD-buying sentiment and helping spot to come down from multi-week tops in the 1.1200 neighborhood. Data wise in Euro land, June’s trade surplus came in at a non-seasonally adjusted €26.4 billion vs. €18.8 billion from the previous month. Across the pond, the regional manufacturing gauge tracked by the Empire State index is due, followed by the NAHB Housing Market index and the TIC Flows.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5610 TARGET 1.5630 1.5660 SL 1.5580
SELL GBP/USD BELOW 1.5550 TARGET 1.5530 1.5500 SL 1.5580
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