Wednesday, May 28, 2014

Sgx IForex Recommendations : Epic Research Singapore

EUR/USD hit 1.3643 during late Asian trade, the pair's highest since May 22; the pair subsequently consolidated at 
1.3654, inching up 0.06%.The pair was likely to find support at 1.3585, the low of February 13 and resistance at 
1.3723, the high of May 21.

INTRADAY OUTLOOK
Support: 1.6800
Resistance: 1.6860

RECOMMENDATION:
1. Buy GBP/USD Above 1.6860- TG: 1.6880/ 1.6910 SL 1.6828
2. Sell GBP/USD Below 1.6800- TG: 1.6780/ 1.6750 SL 1.6830

INTRADAY OUTLOOK
Immediate Support: 1.3610
Immediate Resistance: 1.3660

RECOMMENDATION:
1. Buy EUR/USD Above 1.3660- TG: 1.3680/1.3710 SL 1.3630
2. Sell EUR/USD Below 1.3610- TG: 1.3590/1.3560 SL 1.3640

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