SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :

The EUR/USD pair keeps its stability below 1.0890 level, showing slight bearish bias in attempt to move away from the mentioned level, noticing that stochastic loses its positive momentum gradually approaching from the overbought levels, which represents negative factor that we wait to push on the price to continue the bearish bias in the upcoming period. Therefore, our bearish trend expectations will remain valid efficiently on the intraday and short term basis, supported by the negative pressure that comes from the EMA50, waiting for visiting 1.0750 level as a next main target, pointing that breaching 1.0890 level will stop the suggested negative scenario temporarily and pushes the price to test 1.1005 level initially.

RECOMMENDATION:

BUY GBP/USD ABOVE 1.4040 TARGET 1.4060 1.4090 SL 1.4010

SELL GBP/USD BELOW 1.3880 TARGET 1.3860 1.3830 SL 1.3910

RECOMMENDATION:

BUY EUR/USD ABOVE 1.0890 TARGET 1.0920 1.10950 SL 1.0860

SELL EUR/USD BELOW 1.0840 TARGET 1.0820 1.0790 SL 1.0870

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