Tuesday, March 31, 2015

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
GBP/USD hit session lows of 1.4849 and was last down 0.31% to 1.4845.The pound slipped lower against the dollar on Monday as the greenback firmed up after Federal Reserve Chair Janet Yellen reiterated Friday that the bank is likely to start raising interest rates later this year.In a speech on Friday, Ms. Yellen said a rate hike may be warranted later this year, but added that weakening inflation pressures could force the Fed to delay.The U.S.dollar index which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.30% to 97.91. The index slid 0.66% last week, the second consecutive weekly decline.



INTRADAY OUTLOOK
Support: 1.4876
Resistance: 1.4936

RECOMMENDATION:
1. Buy GBP/USD Above 1.4938-TG: 1.4958/1.4988 SL 1.4908
2. Sell GBP/USD Below 1.4874-TG: 1.4854/1.4834 SL 1.4904

INTRADAY OUTLOOK
Support: 1.0877
Resistance: 1.0937

RECOMMENDATION:
1. Buy EUR/USD Above 1.0939-TG: 1.0959/1.0989 SL 1.0909
2. Sell EUR/USD Below 1.0875 -TG:1.0855/1.0825 SL 1.0905


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