Sgx IForex Recommendations : Epic Research Singapore

TRADING TIPS :
The U.S. dollar fell to session lows against the Canadian dollar on Wednesday after data showed that Canadian retail sales rose at a faster than expected rate in May. USD/CAD touched session lows of 1.0711, before pulling back to trade at 1.0726.The pair was likely to find support at 1.0690 and resistance at 1.0775.Statistics Canada reported that retail sales rose 0.7% in May, ahead of forecasts for a 0.6% gain, while the previous month’s number was revised up to 1.3%.Core retail sales, which strip out automobile sales, rose 0.1% in May, falling short of expectations for a 0.3% increase and slowing from an upwardly revised 0.8% in April.

INTRADAY OUTLOOK
Support: 1.6999
Resistance: 1.7056

RECOMMENDATION:
1. Buy GBP/USD Above 1.7061- TG: 1.7081/ 1.7111 SL 1.7031
2. Sell GBP/USD Below 1.6996- TG: 1.7016/ 1.7046 SL 1.7026

INTRADAY OUTLOOK

Immediate Support: 1.1079

Immediate Resistance: 1.1151

RECOMMENDATION:

1. Buy EUR/USD Above 1.3529- TG: 1.3549/1.3579 SL 1.3499

2. Sell EUR/USD Below 1.3518- TG: 1.3498/1.3468 SL 1.3548

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