Monday, July 18, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD is currently trading with a bullish bias. Yesterday, wave (c) traded long as previously forecasted but is yet to reach our target resistance level 1.1155. During this intraday, we expect a possible bullish rally towards 1.1155 or even higher to 1.1267. A clear reversal from the zone 1.1155-1.1167 will mark the end of wave (c), which means looking for short positions. This pair should be traded alongside USD/CAD and USD/CHF. These pair have a strong negative correlation of up to -0.96 and will have an exact opposite price action during this intraday.



RECOMMENDATION:
BUY GBPUSD ABOVE 1.3470 TGT 1.3490 1.3540 SL 1.3440
SELL GBPUSD BELOW 1.3345 TGT 1.3325 1.3295 SL 1.3375

RECOMMENDATION:
BUY EURUSD ABOVE 1.1200 TGT 1.1220 1.1250 SL 1.1170
SELL EURUSD AROUND 1.1180-1.1182 TGT 1.1.1160 1.1130 SL 1.1210

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