KLSE IForex Recommendations

TRADING TIPS :

EUR/USD was up 0.15% to 1.2456, holding above last week’s 26-month lows of 1.2356.Official data showed that the annual rate of inflation in Germany was unchanged at 0.8% in October, but prices actually fell 0.3% from a month earlier. A separate report showed that the annual rate of inflation in France, the euro area’s second largest economy, rose to 0.5% last month, up from 0.3% in September and ahead of forecasts for 0.4%.On a month-over- month basis prices were flat.In Spain, data showed that the consumer price index fell 0.1% in October from a year earlier, continuing a period of price declines. On a monthly basis, consumer prices ticked up 0.5% from 0.2% in September.


INTRADAY OUTLOOK
Support: 1.2424
Resistance: 1.2480

RECOMMENDATION:
1. Buy EUR/USD Above 1.2482-TG:1.2502/1.2532 SL 1.2452
2. Sell EUR/USD Below 1.2421-TG:1.2401/1.2371 SL 1.2451

INTRADAY OUTLOOK
Immediate Support: 115.36
Immediate Resistance: 115.87

RECOMMENDATION:
1. Buy USD/JPY Above 115.90-TG:116.10/116.40 SL 115.60
2. Sell USD/JPY Below 115.34-TG:115.14/114.84 SL 115.64