Thursday, April 2, 2015

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
GBP/USD was last down 0.38% to 1.4758 from around 1.4822 earlier.The pound fell to more than one-week lows against the dollar on Wednesday, in spite of data showing that the U.K. manufacturing sector expanded at the fastest rate in eight months in March.A research firm said its manufacturing purchasing managers’ index rose to 54.4 in March from 54.0 in February, boosted by strong domestic demand. Economists had forecast an increase to 54.3.The report indicated that output in the U.K. manufacturing sector grew by 0.6% in the quarter of 2015 compared with the previous quarter, after 0.2% growth in the same period last year.



INTRADAY OUTLOOK
Support: 1.4734
Resistance: 1.4794

RECOMMENDATION:
1. Buy GBP/USD Above 1.4796-TG: 1.4826/1.4856 SL 1.4766
2. Sell GBP/USD Below 1.4732-TG: 1.4712/1.4682 SL 1.4762

INTRADAY OUTLOOK
Support: 1.0709
Resistance: 1.0769

RECOMMENDATION:
1. Buy EUR/USD Above 1.0771-TG: 1.0791/1.0821 SL 1.0741
2. Sell EUR/USD Below 1.0707 -TG:1.0683/1.0653 SL 1.0737


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