SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :

EUR/USD is showing limited movement on Tuesday, as the pair trades at 1.1050 in the European session. The markets are keeping a close eye on the key event of the week, as the Federal Reserve issues its policy statement on Wednesday. EUR/USD little changed at 1.1050 as diverging monetary expectations continued to weigh on the single currency.The.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, edged down 0.06% to 96.86.

RECOMMENDATION:

BUY GBP USD ABOVE 1.5352 TARGET 1.5372 1.5400 SL 1.5322

SELL GBP USD BELOW 1.5310 TARGET 1.5290 1.5260 SL 1.5340

RECOMMENDATION:

BUY EUR USD ABOVE 1.1051 TARGET 1.1071 1.1100 SL 1.1021

SELL EUR USD BELOW 1.1035 TARGET 1.1015 1.0985 SL 1.1065 

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