KLSE IForex Recommendations : Epic Research Malaysia

TRADING TIPS :

In U.S. trading, EUR/USD was down 0.32% at 1.3238, up from a session low of 1.3221 and off a high of 1.3297. The pair was likely to find support at 1.3221, the session low, and resistance at 1.3412, the high from Aug. 15 Speaking at the Federal Reserve Bank of Kansas City’s annual Jackson Hole symposium, Janet Yellen said the U.S. economy is recovering and added the labor market is improving as well.The Federal Reserve Bank of Philadelphia said that its manufacturing index topped a three-year high of 28.0 this month from July’s 23.9 reading. Analysts had expected the index to decline to 19.2 in July.

INTRADAY OUTLOOK
Support: 1.3203
Resistance: 1.3280

RECOMMENDATION:
1. Buy EUR/USD Above 1.3283 -TG:1.3303/1.3333 SL 1.3253
2. Sell EUR/USD Below 1.3198 -TG: 1.3178/1.3148 SL 1.3228

INTRADAY OUTLOOK
Immediate Support:1.6535
Immediate Resistance:1.6601

RECOMMENDATION:
1. Buy GBP/USD Above 1.6603 -TG: 1.6623/1.6653 SL 1.6573
2. Sell GBP/USD Below 1.6533 -TG:1.6513/1.6483 SL 1.6563
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