Trading Tips:
EUR/USD hit 1.1004 during U.S. morning trade, the pair’s highest since May 25; the pair subsequently consolidated at 1.0991, gaining 0.43%. The euro extended gains against the U.S. dollar on Friday, as U.S. first-quarter growth data failed to fuel optimism over the strength of the economy and as economic reports from the euro zone continued to support. The pair was likely to find support at 1.0868, Thursday’s low and resistance at 1.1181, the high of May 21. In a preliminary report, the U.S. Bureau of Economic Analysis said gross domestic product slipped 0.7% in the first three months of 2015, compared to expectations for a 0.8% decline and following a growth rate of 0.2% in the last quarter of 2014.The UoM also said its inflation expectations for the next 12 months ticked down to 2.8% in May from 2.9% in April.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5305 TARGET 1.5325 1.5355 SL 1.5275
SELL GBP/USD BELOW 1.5260 TARGET 1.5240 1.5210 SL 1.5290
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
EUR/USD hit 1.1004 during U.S. morning trade, the pair’s highest since May 25; the pair subsequently consolidated at 1.0991, gaining 0.43%. The euro extended gains against the U.S. dollar on Friday, as U.S. first-quarter growth data failed to fuel optimism over the strength of the economy and as economic reports from the euro zone continued to support. The pair was likely to find support at 1.0868, Thursday’s low and resistance at 1.1181, the high of May 21. In a preliminary report, the U.S. Bureau of Economic Analysis said gross domestic product slipped 0.7% in the first three months of 2015, compared to expectations for a 0.8% decline and following a growth rate of 0.2% in the last quarter of 2014.The UoM also said its inflation expectations for the next 12 months ticked down to 2.8% in May from 2.9% in April.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5305 TARGET 1.5325 1.5355 SL 1.5275
SELL GBP/USD BELOW 1.5260 TARGET 1.5240 1.5210 SL 1.5290
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
No comments:
Post a Comment