Friday, July 4, 2014

IForex Recommendations : Epic Research Singapore


TRADING TIPS :

GBP/USD slipped 0.13% to 1.7143 from around 1.7154 ahead of the release of the data. Cable was likely to find support at 1.7125 and resistance at 1.7175, Wednesday’s high and the most since October 2008.The Markit U.K. services purchasing managers’ index slowed to 57.7 in June from 58.6 in May, and below forecasts of 58.3.

RECOMMENDATION :
INTRADAY OUTLOOK
Support: 1.7120
Resistance: 1.7150

RECOMMENDATION:
1. Buy GBP/USD Above 1.7150- TG: 1.7180/ 1.7210 SL 1.7120
2. Sell GBP/USD Below 1.7120- TG: 1.7090/ 1.7050 SL 1.7150

INTRADAY OUTLOOK
Immediate Support: 1.3620
Immediate Resistance: 1.3660

RECOMMENDATION:
1. Buy EUR/USD Above 1.3660- TG: 1.3690/1.3730 SL 1.3630
2. Sell EUR/USD Below 1.3620- TG: 1.3590/1.3550 SL 1.3660

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