SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :

The EUR/USD is almost unchanged on Thursday, with EUR/USD wobbling around the 1.0900 figure so far. The pair is now looking to consolidate the breakout of the 1.0900 handle ahead of the opening bell in London, bolstered by some risk-off trade coming back to the markets. In the meantime, spot navigates unaltered the 1.07-1.10 range waiting for today’s ECB meeting. Market expectations of any change of the monetary policy remain close to zero, although Draghi’s press conference could bring in some volatility, especially amidst the collapse of crude oil prices and the stagnant inflation figures in the euro region. “The recent build-up in the short-term upward momentum fizzled out with the rapid drop from the high of 1.0975 yesterday”.“It appears that EUR is still trapped within a 1.0800/1.0990 range for now”.

RECOMMENDATION:

BUY GBP/USD ABOVE 1.4200 TARGET 1.4220 1.4250 SL 1.4170

SELL GBP/USD BELOW 1.4150 TARGET 1.4130 1.4100 SL 1.4180

RECOMMENDATION:

BUY EUR/USD ABOVE 1.0930 TARGET 1.0950 1.0980 SL 1.0900

SELL EUR/USD BELOW 1.0900 TARGET 1.0880 1.0850 SL 1.0930

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg