Trading TipsThe dollar edged lower against the EUR on Monday, as investors continued to lock in profits from the greenback’s recent rally and as trading volumes remained thin ahead of the New Year holiday. Global financial markets closed early on Thursday, Christmas Eve, and remained shut for Christmas Day on Friday. Heading into the final week of the year, trading volumes are expected to remain light as many traders already closed books due to the holiday period, reducing liquidity in the market and increasing volatility. EUR/USD edged up 0.22% to 1.0987.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.12% at 97.89.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.4940TARGET 1.4960 1.4990 SL 1.0910
SELL GBP/USD BELOW 1.4920 TARGET 1.4900 1.4870 SL 1.4950
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