Thursday, July 24, 2014

Sgx IForex Recommendations : Epic Research Singapore

TRADING TIPS :
 The U.S. dollar was little changed against its Canadian counterpart on Tuesday, after U.S. consumer price inflation data came out broadly in line with expectations, while investors continued to monitor developments in Ukraine and the Gaza Strip.USD/CAD hit 1.0733 during European afternoon trade, the session low; the pair subsequently consolidated at 1.0735, dipping 0.03%.

INTRADAY OUTLOOK
Support: 1.7022
Resistance: 1.7097

RECOMMENDATION:
1. Buy GBP/USD Above 1.7082- TG: 1.7102/ 1.7132 SL 1.7062
2. Sell GBP/USD Below 1.7030- TG: 1.7010/ 1.6980 SL 1.7060

INTRADAY OUTLOOK
Immediate Support: 1.3455
Immediate Resistance: 1.3475

RECOMMENDATION:
1. Buy EUR/USD Above 1.3475- TG: 1.3495/1.3525 SL 1.3445

2. Sell EUR/USD Below 1.3455- TG: 1.3435/1.3405 SL 1.3485  

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