Friday, June 3, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
The EURUSD pair opens today’s trading with more positivity to start the breaching process to 1.1196 resistance, and as we mentioned yesterday, breaching this level represents key factor to confirm the continuation of the bullish trend, opening the way to head towards our next main target at 1.1356.Therefore, we will continue to suggest the bullish trend in the upcoming sessions, supported by the EMA50 that carries the price from below now, conditioned by the price stability above 1.1170 and the most important above 1.1066. Expected trading range for today is between 1.1110 support and 1.1320 resistance.




RECOMMENDATION:
BUY GBP/USD ABOVE 1.4470 TGT 1.4490 1.4520 SL 1.4400
SELL GBP/USD BELOW 1.4418 TGT 1.4398 1.4368 SL 1.4448

RECOMMENDATION:
BUY EURUSD ABOVE 1.1219 TGT 1.1239 1.1269 SL 1.1189

SELL EUR/USD BELOW 1.1192 TGT 1.1172 1.1042 SL 1.1222

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