Friday, July 11, 2014

Sgx IForex Recommendations : Epic Research Singapore


TRADING TIPS :
USD/CAD was up 0.19% to 1.0671 from 1.0648 late Wednesday. The pair was likely to find support at 1.0630,Monday’s low and an almost six-month trough and resistance at 1.0695.Concerns over the financial health of Portugal’s largest lender sent European equities markets lower on Thursday, while futures pointed to a lower open on Wall Street.



INTRADAY OUTLOOK
Support: 1.7110
Resistance: 1.7128

RECOMMENDATION:
1. Buy GBP/USD Above 1.7130- TG: 1.7150/ 1.7180 SL 1.7100
2. Sell GBP/USD Below 1.7110- TG: 1.7090/ 1.7060 SL 1.7140

INTRADAY OUTLOOK
Immediate Support: 1.3585
Immediate Resistance: 1.3605

RECOMMENDATION:
1. Buy EUR/USD Above 1.3605- TG: 1.3625/1.3655 SL 1.3575
2. Sell EUR/USD Below 1.3585- TG: 1.3565/1.3535 SL 1.3615

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