Tuesday, June 10, 2014

IForex Recommendations : Epic Research Singapore

EUR/USD slid 0.25% to 1.3609.Borrowing costs in the euro zone fell to fresh record lows on Monday, as market sentiment was boosted by the European Central Bank’s decision last week to launch a package of measures to avert the threat of persistently low inflation in the euro area. 


INTRADAY OUTLOOK
Support: 1.6780
Resistance: 1.6803

RECOMMENDATION:
1. Buy GBP/USD Above 1.6803- TG: 1.6825/ 1.6845 SL 1.6780
2. Sell GBP/USD Below 1.6780- TG: 1.6760/ 1.6740 SL 1.6810


INTRADAY OUTLOOK
Immediate Support: 1.3580
Immediate Resistance: 1.3630

RECOMMENDATION:
1. Buy EUR/USD Above 1.3630- TG: 1.3650/1.3680 SL 1.3580

2. Sell EUR/USD Below 1.3580- TG: 1.3550/1.35210 SL 1.3640 

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