Tuesday, June 3, 2014

Sgx IForex Recommendations : Epic Research Singapore


EUR/USD pulled away from 1.3594, the pair's lowest since May 29, to hit 1.3619 during U.S. morning trade, still down 0.09%.In a report, the Institute of Supply Management said its manufacturing purchasing managers' index ticked down to 53.2 in May, from a reading of 54.9 the previous month, confounding expectations for a rise to 55.5.


INTRADAY OUTLOOK
Support: 1.6730
Resistance: 1.6790

RECOMMENDATION:
1. Buy GBP/USD Above 1.6790- TG: 1.6810/ 1.6840 SL 1.6760
2. Sell GBP/USD Below 1.6730- TG: 1.6710/ 1.6670 SL 1.6760

INTRADAY OUTLOOK
Immediate Support: 1.3600
Immediate Resistance: 1.3670

RECOMMENDATION:
1. Buy EUR/USD Above 1.3670- TG: 1.3690/1.3720 SL 1.3640
2. Sell EUR/USD Below 1.3600- TG: 1.3580/1.3550 SL 1.3630



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