Wednesday, July 9, 2014

Sgx IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD edged down to 1.3593, not far from Monday’s lows of 1.3575. The dollar strengthened broadly after a strong U.S. jobs report late last week sparked speculation that the Federal Reserve could bring forward its timetable for raising interest rates. 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: 1.7100
Resistance: 1.7150

RECOMMENDATION: 
1. Buy GBP/USD Above 1.7150- TG: 1.7170/ 1.7200 SL 1.7120
2. Sell GBP/USD Below 1.7100- TG: 1.7080/ 1.7050 SL 1.7130

INTRADAY OUTLOOK
Immediate Support: 1.3585
Immediate Resistance: 1.3620

RECOMMENDATION: 
1. Buy EUR/USD Above 1.3620- TG: 1.3640/1.3670 SL 1.3590
2. Sell EUR/USD Below 1.3585- TG: 1.3565/1.3535 SL 1.3615

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