Tuesday, September 30, 2014

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD touched lows of 1.2664, the weakest since November 2013 and was last trading at 1.2679.The euro zone was to release preliminary data on consumer prices on Tuesday ahead of the outcome of Thursday’s ECB meeting. Investors were also looking ahead to economic data from the U.S., with Friday’s nonfarm payrolls report sharply in focus after August’s report fell short of expectations. The U.S. was to release data on personal income and expenditure later Monday, followed by a report on pending home sales.The euro zone was to release preliminary data on consumer prices on Tuesday ahead of the outcome of Thursday’s ECB meeting.



INTRADAY OUTLOOK 
Support:1.2664 
Resistance: 1.2711 

RECOMMENDATION: 
1. Buy EUR/USD Above 1.2714-TG:1.2734/1.2764 SL 1.2684 
2. Sell EUR/USD Below 1.2662-TG:1.2642/1.2612 SL 1.2692 

INTRADAY OUTLOOK 
Immediate Support:1.6216 
Immediate Resistance: 1.6284 

RECOMMENDATION: 
1. Buy GBP/USD Above 1.6286-TG:1.6306/1.6336 SL 1.6256 
2. Sell GBP/USD Below 1.6214-TG:1.6194/1.6164 SL 1.6244 

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