Tuesday, May 31, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
The EUR / USD tested the lower boundary of the rising channel; you can see a rebound there. The RSI on the four-hour chart rebounded from the support level, indicating the growth of the European currency. Thus, the forecast EUR / USD on 31 May 2016 provides the consolidation in the 1.1120 area and the upward movement development. There are attempts of the “bears” to break the ascending channel – the main support is in the 1.1100 area.



RECOMMENDATION:
BUY GBP/USD ABOVE 1.4590 TGT 1.4610 1.4640 SL 1.4560
SELL GBP/USD BELOW 1.4569 TGT 1.4549 1.4509 SL 1.4599

RECOMMENDATION:
BUY EURUSD AROUND 1.1125 TGT 1.1145 1.1175 SL 1.1095
SELL EUR/USD BELOW 1.1137 TGT 1.1117 1.1087 SL 1.1167
 
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