Trading Tips:EUR/USD rose considerably on Thursday for its sixth straight winning session, as disappointing U.S. import-export data added further confusion as to whether the Federal Reserve will raise interest rates later next week. The currency pair traded in a broad range between 1.1132 and 1.1295 before settling at 1.1279, up 0.0072 or 0.64% on the session. The euro ended the day at its highest closing level against the dollar in more than a week. EUR/USD has gained nearly 3% in value over the last month of trading. While the euro’s daily gains versus its American counterpart during the recent streak have been modest, Thursday’s move marked the pair’s sharpest appreciation over the period.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5475 TARGET 1.5495 1.5525 SL 1.5445
SELL GBP/USD BELOW 1.5370 TARGET 1.5350 1.5320 SL 1.5400
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