Sgx IForex Recommendations : Epic Research Singapore

TRADING TIPS :

EUR/USD dipped 0.05% to trade at 1.2946, not far from last Thursday’s lows of 1.2919.The pair was likely to find support at the 1.29 level and resistance at around 1.2987, Friday’s high.The euro pushed higher against the dollar on Friday after data showed that the rate of U.S. job creation slowed in August, indicating that rates could remain on hold at record lows for longer.The U.S. economy added 142,000 jobs last month, disappointing expectations for jobs growth of 225,000. The unemployment rate ticked down to 6.1% from 6.2% in July, as more people exited the labor force.The euro rose to two week highs against the broadly weaker pound, with EUR/GBP last up 0.93% to 0.8007.

INTRADAY OUTLOOK

Support: 1.2909

Resistance: 1.2974

RECOMMENDATION:

1. Buy EUR/USD Above 1.2976-TG:1.2996/1.3026 SL 1.2946

2. Sell EUR/USD Below 1.2907-TG: 1.2887/1.2857 SL 1.2937

INTRADAY OUTLOOK

Immediate Support:1.6096

Immediate Resistance:1.6172

RECOMMENDATION:

1. Buy GBP/USD Above 1.6175 -TG:1.6195/1.6225 SL 1.6145

2. Sell GBP/USD Below 1.6094- TG:1.6074/1.6044 SL 1.6124

 

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