TRADING TIPS :
EUR/USD touched highs of 1.2507 and was last up 0.27% to 1.2485.The euro remained higher against the dollar on Monday after reports showing that activity in the U.S. manufacturing sector slowed slightly last month, but still comfortably outstripped the euro zone.Research group Market reported that U.S. manufacturing activity expanded at the slowest pace since January last month as new export orders fell, but continued to show steady growth.The Markit manufacturing purchasing managers’ index ticked down to 54.8 from 55.9 in October. Economists had forecast a decline to 55.0.The euro zone’s manufacturing PMI slowed to 50.1 from a preliminary reading of 50.4 last month, just barely above the 50 level separating growth from contraction.
INTRADAY OUTLOOK
Support: 1.2450
Resistance: 1.2500
RECOMMENDATION:
1. Buy EUR/USD Above 1.2502-TG:1.2522/1.2552 SL 1.2472
2. Sell EUR/USD Below 1.2448-TG:1.2428/1.2398 SL 1.2478
INTRADAY OUTLOOK
Immediate Support: 118.22
Immediate Resistance: 118.70
RECOMMENDATION:
1. Buy USD/JPY Above 118.72-TG:118.92/119.22 SL 118.42
2. Sell USD/JPY Below 118.20-TG:118.00/117.70 SL 118.50
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