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KLSE IForex Recommendations

Monday, 17 November 2014


TRADING TIPS :

EUR/USD was up 0.33% at 1.2517, up from a session low of 1.2399 and off a high of 1.2524.The pair was likely to find support at 1.2393, Tuesday’s low, and resistance at 1.2578, the high from Nov. 4. T ThomsonReuters/University of Michigan’s preliminary reading on the overall consumer sentiment index for November hit 89.4, its highest reading since July 2007, beating forecasts for an 87.5 reading.The euro steadied against the dollar on Friday, taking back earlier losses steaming from upbeat U.S. retail sales data, as a better-than-expected euro area growth report fueled demand for the single currency.



INTRADAY OUTLOOK
Support: 1.2480
Resistance: 1.2545

RECOMMENDATION:
1. Buy EUR/USD Above 1.2547-TG:1.2567/1.2597 SL 1.2517
2. Sell EUR/USD Below 1.2478-TG:1.2458/1.2428 SL 1.2508


INTRADAY OUTLOOK
Immediate Support: 115.87
Immediate Resistance: 116.36

RECOMMENDATION:
1. Buy USD/JPY Above 116.38-TG:116.58/116.88 SL 116.08
2. Sell USD/JPY Below 115.85-TG:115.65/115.35 SL 116.15

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