Profitable weekly iforex signals report by epic research on 21st july 2014

EPIC RESEARCH REPORT WEEKLY INTERNATIONAL FOREX

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21-25 JULY-2014

INTERNATIONAL CURRENCY BUZZ


Forex - USD/JPY gains as yen falls on profit taking

Forex - Dollar edges up on bargain hunting, geopolitical fears weigh

EUR/USDThe euro eased off seven-month lows against the U.S. dollar on Friday, after the release of disappointing U.S. consumer sentiment data, although concerns over geopolitical tensions in Ukraine and the Middle East continued to dampen risk sentiment. EUR/USD pulled away from 1.3491, the pair's lowest since January, to hit 1.3513 during U.S. morning trade, still down 0.09%.The pair was likely to find support at 1.3478 and resistance at 1.3540, Thursday's high.In a report, the University of Michigan said its consumer sentiment index fell to a four-month low of 81.3 this month, from a reading of 82.5 in June, confounding expectations for rise to 83.0.Markets were also jittery after Israel announced late Thursday the start of a ground campaign in Gaza after 10 days of aerial and naval bombardments failed to stop Palestinian rocket attacks

USD/JPYThe U.S. dollar edged higher against the yen on Friday, but gains were expected to remain limited as renewed concerns over tensions in Ukraine and the Middle East supported demand for the safe-haven yen.USD/JPY hit 101.41 during late Asian trade, the session high; the pair subsequently consolidated at 101.35, adding 0.19%.The pair was likely to find support at 101.07, the low of July 10 and resistance at 101.62, the high of July 14.Market sentiment weakened after a Malaysian Airlines passenger jet crashed in eastern Ukraine overnight. All 298 people on board were killed, sharply raising the stakes in a conflict between Kiev and pro-Moscow rebels in which Russia and the West back opposing sides.

WEEKLY ECONOMIC DATA


EPIC'S ANALYST SPEAKS


EUR/USD DAILY CHART

INTRADAY OUTLOOKSupport: 1.3470Resistance: 1.3650

RECOMMENDATION: 1. Buy EUR/USD Above 1.3650- TG: 1.3690/ 1.3750 SL 1.36002. Sell EUR/USD Below 1.3470- TG: 1.3430/ 1.3370 SL 1.3520

EPIC'S ANALYST SPEAKS


GBP/USD DAILY CHART

INTRADAY OUTLOOKImmediate Support: 1.7035Immediate Resistance: 1.7180

RECOMMENDATION: 1. Buy GBP/USD Above 1.7180- TG: 1.7220/ 1.7280 SL 1.71302. Sell GBP/USD Below 1.7035- TG: 1.6995/ 1.6935 SL 1.7085

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Profitable weekly iforex signals report by epic research on 21st july 2014