Trading Tips:The euro was almost unchanged against the U.S. dollar on Friday, hovering close to more than two-week lows as the possibility for further easing measures by the European Central Bank weighed, while markets eyed upcoming U.S. jobs data.EUR/USD hit 1.1116 during late Asian trade, the session low; the pair subsequently consolidated at 1.1129.The pair was likely to find support at 1.1016, the low of August 19 and resistance at 1.1245, Thursday’s high.The single currency came under pressure after the ECB indicated on Thursday that it could expand its quantitative easing program amid increased downside risks to its inflation outlook.The ECB lowered its forecast for growth and inflation, citing oil prices and slowing growth in China.The comments came after the ECB kept its benchmark interest rate at a record-low 0.05%, in line with the consensus expectation.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5260 TARGET 1.5280 1.5310 SL 1.5230
SELL GBP/USD BELOW 1.5155 TARGET 1.5135 1.5105 SL 1.5185
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