Sgx IForex Recommendations : Epic Research Singapore

TRADING TIPS :

USD/CAD hit 1.0733 during European afternoon trade, the session low; the pair subsequently consolidated at 1.0735, dipping 0.03%. The pair was likely to find support at 1.0683, the low of June 26 and resistance at 1.0794, the high of July 16. In a report, the U.S. Department of Labor said that consumer prices rose by 0.3% last month, meeting estimates, after rising 0.4% in May.

INTRADAY OUTLOOK

Support: 1.7050

Resistance: 1.7080

RECOMMENDATION:

1. Buy GBP/USD Above 1.7080- TG: 1.7100/ 1.7130 SL 1.7050

2. Sell GBP/USD Below 1.7050- TG: 1.7030/ 1.7000 SL 1.7080

INTRADAY OUTLOOK

Immediate Support: 1.3460

Immediate Resistance: 1.3490

RECOMMENDATION:

1. Buy EUR/USD Above 1.3490- TG: 1.3510/1.3540 SL 1.3460

2. Sell EUR/USD Below 1.3460- TG: 1.3440/1.3410 SL 1.3490

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