KLSE IForex Recommendations

TRADING TIPS :
GBP/USD hit 1.5398 during European morning trade, the session high; the pair subsequently consolidated at 1.5371.U.K. construction purchasing managers’ index increased to 60.1 last month from a reading of 59.1 in January. Economists had expected the index to tick down to 59.0 in February. “Housing, commercial and civil engineering activity all expanded at the quickest rates since last October, helped by sharp rises in new business volumes and an improving economic backdrop.”The dollar had rallied broadly on Monday after data showed that U.S. manufacturing activity continued to expand in February supported expectations for higher interest rates.





INTRADAY OUTLOOK
Support: 1.5337
Resistance: 1.5394

RECOMMENDATION:
1. Buy GBP/USD Above 1.5396-TG: 1.5416/1.5446 SL 1.5366
2. Sell GBP/USD Below 1.5335-TG: 1.5315/1.5285 SL 1.5365

INTRADAY OUTLOOK
Support: 1.1148
Resistance: 1.1187

RECOMMENDATION:
1. Buy EUR/USD Above 1.1189-TG: 1.1209/1.1239 SL 1.1159
2. Sell EUR/USD Below 1.1146-TG: 1.1126/1.1096 SL 1.1176