KLSE IForex Recommendations

TRADING TIPS :

EUR/USD hit 1.2540 during European morning trade, the session high; the pair subsequently consolidated at 1.2532, climbing 0.63%.The pair was likely to find support at 1.2397, the low of November 14 and resistance at 1.2617, the high of October 31.In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment rose by 15.1 points to a four-month high of 11.5 this month from October’s reading of minus 3.6. Analysts had expected the index to improve by 4.5 points to 0.9 in November.In addition, the index of euro zone economic sentiment increased to 11.0 in October from 4.1 in September, above expectations for an increase to 4.3.



INTRADAY OUTLOOK
Support: 1.2489
Resistance: 1.2543

RECOMMENDATION:
1. Buy EUR/USD Above 1.2545-TG:1.2565/1.2595 SL 1.2515
2. Sell EUR/USD Below 1.2487-TG:1.2467/1.2437 SL 1.2507

INTRADAY OUTLOOK
Immediate Support: 116.79
Immediate Resistance: 117.35

RECOMMENDATION:
1. Buy USD/JPY Above 117.37-TG:117.57/117.87 SL 117.07
2. Sell USD/JPY Below 116.77-TG:116.57/116.27 SL 117.07