SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :

The EUR/USD pair gradually extends to the downside during the mid-Asian trades, moving slightly away from 1.15 barrier, as sentiment remains mixed in Asia amid negative equities and a broadly muted US dollar. EUR/USD trades almost unchanged at fresh session lows of 1.1482, retreating from daily highs hit at 1.1494 earlier today. The main currency pair consolidates sharp declines witnessed over the past two trading session, and now meets fresh supply, taking the pair below hourly 100-SMA support located at 1.1486 levels.The EUR/USD pair stalled its minor pullback from NY lows just ahead of 1.15 mark and resumed the downside consolidation thereon, now awaiting fresh impetus amid low volumes and minimal volatility as most major European markets remain closed today in observance of Ascension Day.

RECOMMENDATION:

BUY GBP/USD ABOVE1.4465 TGT 1.4485 1.4515 SL 1.4435

SELL GBPUSD AROUND 1.4519 -1.4517 TGT 1.4499 1.4469 SL 1.4549

RECOMMENDATION:

BUY EUR/USD AROUND 1.1388-1.1390 TGT 1.1410 1.1440 SL 1.1358

SELL EUR/USD BELOW 1.1420 TGT 1.1400 1.1370 SL 1.1450

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