KLSE IForex Recommendations : Epic Research Malaysia

TRADING TIPS :

GBP/USD hit 1.5440 during European morning trade, the pair’s highest since January 2; the pair subsequently consolidated at 1.5413, adding 0.12%.The dollar remained under pressure after data on Friday showed that the preliminary reading of the University of Michigan’s consumer sentiment index fell to 93.6, down from January’s final reading of 98.1.The report came a day after data showing that U.S. retail sales unexpectedly fell 0.8% lastmonth after dropping 0.9% in December, indicating that consumer spending remained sluggish at the start of the year.The pound had strengthened last week after the Bank of England said inflation is likely to fall to zero in the first half of this year, but added that there was no threat of deflation taking hold in the U.K.

INTRADAY OUTLOOK

Support: 1.5327

Resistance: 1.5408

RECOMMENDATION:

1. Buy GBP/USD Above 1.5410-TG: 1.5430/1.5460 SL 1.5380

2. Sell GBP/USD Below 1.5325-TG: 1.5305/1.5275 SL 1.5355

INTRADAY OUTLOOK

Immediate Support: 1.1368

Immediate Resistance: 1.1459

RECOMMENDATION:

1. Buy EUR/USD Above -1.1461 TG: 1.1481/1.1511 SL 1.1431

2. Sell EUR/USD Below -1.1366 TG:1.1346/1.1316 SL 1.1399

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my KLSE, KLSE exchange, KLSE Malaysia, KLSE stock Market, KLSE stock picks, KLSE Stock Recommendations, malaysia KLSE Stock market, Malaysia latest news update