Sgx IForex Recommendations : Epic Research Singapore

TRADING TIPS :

EUR/USD rose to one-week highs of 1.3631 before pulling back to trade at 1.3612, unchanged for the day. Investors remained on the sidelines amid concerns that recent U.S. data showing that the labor market is continuing to strengthen will not be enough to prompt the Fed to bring forward its timetable for raising interest rates. Official data late last week showed that the U.S. economy added a larger-than-forecast 288,000 jobs last month, while the unemployment rate ticked down to 6.1%, the lowest in almost six years.

INTRADAY OUTLOOK

Support: 1.7095

Resistance: 1.7145

RECOMMENDATION:

1. Buy GBP/USD Above 1.7145- TG: 1.7165/ 1.7195 SL 1.7115

2. Sell GBP/USD Below 1.7095- TG: 1.7075/ 1.7045 SL 1.7125

INTRADAY OUTLOOK

Immediate Support: 1.3600

Immediate Resistance: 1.3650

RECOMMENDATION:

1. Buy EUR/USD Above 1.3650- TG: 1.3670/1.3700 SL 1.3620

2. Sell EUR/USD Below 1.3600- TG: 1.3580/1.3550 SL 1.3630

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