Thursday, 16 April 2015

KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
EUR/USD hit 1.0532 during European morning trade, the session low; the pair subsequently consolidated at 1.0570.The euro was steady against the U.S. dollar on Tuesday, hovering close to one-month lows despite the release of positive euro zone industrial production data, as demand for the greenback remained broadly supported by U.S. rate hikehopes. The pair was likely to find support at 1.0456, the low of March 16 and resistance at 1.0685, the high of April 10.Year-on-year, industrial production rose at a rate of 1.6% in February from a year earlier, compared to expectations for a 0.7% increase and after rising 0.4% the previous month.

RECOMMENDATION :
BUY GBP USD ABOVE 1.4880 TARGET 1.4900 1.4930 SL 1.4850
SELL GBPUSD BELOW 1.4820 TARGET 1.4800 1.4770 SL 1.4850

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