SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :

The European currency keeps its daily gains vs. the dollar today, with EUR/USD hovering over the 1.1020/25 band so far.The sentiment remains unaltered around the single currency on Tuesday after EMU’s GDP figures showed the economy has expanded 0.3% interquarter during Q4 and 1.6% on an annualized basis, surpassing prior surveys at 1.5%. Ahead in the session, the NFIB’s index is only due in the US calendar followed by the weekly report on crude stockpiles by the API.In the meantime, spot is managing quite well to keep the trade above the 1.1000 handle, although the recent upside will be put to the test later in the week in light of the ECB meeting and prospects of additional stimulus in the region.

RECOMMENDATION:

BUY GBP/USD ABOVE 1.4284 TARGET 1.4304 1.4334 SL 1.4254

SELL GBP/USD BELOW 1.4218 TAGET 1.4198 1.4168 SL 1.4248

RECOMMENDATION:

BUY EUR/USD ABOVE 1.1044 TAGET 1.1064 1.1094 SL 1.1014

SELL EUR/USD BELOW 1.1002 TAGET 1.0982 1.952 SL 1.1032

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