SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :

EUR/USD is unchanged on Friday, following slight losses in the Thursday session. The pair is trading at 1.1140. On the release front, German Final Services came in at 55.2 points, within expectations. Eurozone Final Services posted a reading of 53.3, slightly above the estimate. Eurozone Retail Sales came in at 0.0%. It’s a busy day in the US, with three employment indicators on the schedule – Average Hourly Earnings, Unemployment Rate, and Nonfarm Employment Change. The US will also publish ISM Non-Manufacturing PMI.

RECOMMENDATION:

BUY GBP/USD ABOVE 1.4510 TGT 1.4560 1.4600 SL 1.4460

SELL GBP/USD BELOW 1.4365 TGT 1.4315 1.4275 SL 1.4315

RECOMMENDATION:

BUY EURUSD ABOVE 1.1219 TGT 1.1239 1.1269 SL 1.1189

SELL EUR/USD BELOW 1.1192 TGT 1.1172 1.1042 SL 1.1222

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