KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
The euro pared back the day’s gains against the dollar on Thursday after senior European Central Bank officials reiterated that they are prepared to inject more stimulus if necessary. EUR/USD slid 0.18% to 1.1381, off the five-and-a-half month highs of 1.1454 set overnight. The euro was at one-month lows against the broadly stronger yen, with EUR/JPY dropping 1.46% to 123.28. The ECB’s chief economist, Peter Praet, said the bank was prepared to do more if the euro zone economy was hit by fresh shocks.“If further adverse shocks were to materialize, our measures could be recalibrated once more commensurate with the strength of the headwind,” he said.The comments were echoed by ECB Vice-President Vito Constancio who said in a speech to the European Parliament that the bank will continue to do whatever it takes to pursue its price stability objective.

RECOMMENDATION :
BUY GBP/USD ABOVE 1.4090TARGET 1.4060 1.4000 SL 1.4120
SELL GBP/USD BELOW 1.4015 TARGET 1.3995 1.3965 SL 1.4045

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