Wednesday, June 25, 2014

Sgx IForex Recommendations : Epic Research Singapore


TRADING TIPS :

GBP/USD touched session lows of 1.6974 and was last down 0.21% to 1.6993. The pair was trading at around 1.702 before the speech. Cable was likely to find support at 1.6940 and resistance at 1.7030, the session high. The drop in the pound came after BoE Governor Mark Carney said that wage growth has been lower than expected.


INTRADAY OUTLOOK
Support: 1.6970
Resistance: 1.7030

RECOMMENDATION:
1. Buy GBP/USD Above 1.7030- TG: 1.7060/ 1.7090 SL 1.7005
2. Sell GBP/USD Below 1.6970- TG: 1.6940/ 1.6910 SL 1.6995


INTRADAY OUTLOOK
Immediate Support: 1.3595
Immediate Resistance: 1.3640

RECOMMENDATION:
1. Buy EUR/USD Above 1.3640- TG: 1.3670/1.3695 SL 1.3610
2. Sell EUR/USD Below 1.3595- TG: 1.3570/1.3540 SL 1.3630


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