SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :

EUR/USD is currently trading with a bearish bias. The pair entered into a consolidation not going above 1.1167 or below 1.1034. During this intraday, we expect a possible bearish break below 1.1034 to go short with an ideal target at 1.094. The overall trend is bearish and a clear breakout below 1.1034 will confirm the anticipated bearish rally. This pair should be traded alongside EUR/JPY, and EUR/CHF. These pairs have a strong positive correlation of up to +0.95 and will have a similar price action during this intraday.

RECOMMENDATION:

BUY GBPUSD ABOVE 1.2980 TGT 1.3000 1.3020 SL 1.2950

SELL GBPUSD BELOW 1.2850 TGT 1.2870 1.2840 SL 1.2880

RECOMMENDATION:

BUY EURUSD AROUND 1.1065 TGT 1.1085 1.1115 SL 1.1035

SELL EURUSD BELOW 1.1015 TGT 1.0985 1.0955 SL 1.1045

 

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