SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :

EUR/USD fell mildly on Thursday, as the minutes from the European Central Bank’s March meeting depicted a broadly unified Governing Council on the prospects of implementing comprehensive easing measures as a means for boosting economic growth throughout the euro area. The currency pair traded in a tight range between 1.1338 and 1.1454, before closing at 1.1377, down 0.0022 or 0.19%. The euro closed above 1.13 versus the dollar for the seventh consecutive session. Over the last month of trading, the euro has surged more than 3.3% against its American counterpart amid strong indications that the Federal Reserve and the ECB will avoid even sharper divergences at least for the time being.EUR/USD likely gained support at 1.0538, the low from December 3 and was met with resistance at 1.1496, the high from Oct. 15.

RECOMMENDATION:

BUY GBP USD ABOVE 1.4135 TARGET 1.4165 1.4195 SL 1.4105

SELL GBP USD BELOW 1.4100 TARGET 1.4080 1.4050 SL 1.4130

RECOMMENDATION:

BUY EUR USD ABOVE 1.1405 TARGET 1.1435 1.1465 SL 1.1375

SELL EUR USD BELOW 1.1390 TARGET 1.1370 1.1340 SL 1.1425

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