Sgx IForex Recommendations : Epic Research Singapore

TRADING TIPS :

USD/CAD was down 0.15% to 1.0654, not far from Monday’s lows of 1.0645, the weakest since January 6. The pair was likely to find support at 1.0600 and resistance at 1.0695, Monday’s high.The greenback has come under pressure since data last week showing a 2.9% economic contraction in the first quarter bolstered expectations that the Federal Reserve will keep rates on hold for an extended period.

INTRADAY OUTLOOK

Support: 1.7160

Resistance: 1.7100

RECOMMENDATION:

1. Buy GBP/USD Above 1.7160- TG: 1.7190/ 1.7220 SL 1.7130

2. Sell GBP/USD Below 1.7100- TG: 1.7070/ 1.7040 SL 1.7130

INTRADAY OUTLOOK

Immediate Support: 1.3650

Immediate Resistance: 1.3700

RECOMMENDATION:

1. Buy EUR/USD Above 1.3700- TG: 1.3730/1.3760 SL 1.3670

2. Sell EUR/USD Below 1.3650- TG: 1.3620/1.3590 SL 1.3690

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