Tuesday, July 5, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD is currently trading with a bullish. During the previous trading day on 1st July, wave [c] traded long as previously forecasted and even hit our target resistance level 1.1167. During this intraday, we expect a possible bearish reversal from this level to go short, while a clear breakout above this target will lead to an upward momentum towards 1.1276. This pairs should be traded alongside EUR/JPY, NZD/USD and GBP/USD. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.



RECOMMENDATION:
BUY GBPUSD ABOVE 1.3310 TGT 1.3330 1.3360 SL 1.3280
SELL GBPUSD BELOW 1.3205 TGT 1.3185 1.3155 SL 1.3235

RECOMMENDATION:
BUY EURUSD AROUND 1.1050 TGT 1.1070 1.1100 SL 1.1020

SELL EURUSD BELOW 1.1040 TGT 1.1020 1.0990 SL 1.1070

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