Daily iforex market report by epic research 19 march 2014

19-MAR-2014

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EPIC RESEARCH REPORT DAILY INTERNATIONAL FOREX

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INTERNATIONAL CURRENCY BUZZ

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Forex - GBP/USD near 5-week lows on fresh Ukraine worries Forex - Euro hits session lows amid Ukraine escalation fears Forex - USD/CAD little changed after Canadian, U.S. data EUR/USD EUR/USD hit session lows of 1.3880 and was last down 0.24% to 1.3888.The pair was likely to find support at 1.3850 and resistance at 1.3941, the session high.The euro extended losses after CNN reported that Vladislav Seleznyov, Ukraine's defense ministry spokesman said at least one Ukrainian officer had been injured in an assault on a base by "armed people in masks" near the Crimean capital of Simferopol.Earlier Tuesday, Russian President Vladimir Putin said that Russia isn't seeking "a partition of Ukraine", signaling that Russia's moves in Ukraine would be limited.The comments came during a speech to a joint session of parliament in Moscow, a day after the president recognized the results of Sunday's referendum in Crimea, which saw a majority of voters chose to split from Ukraine.

GBP/USD GBP/USD hit 1.6552 during U.S. morning trade, the pair's lowest since February 12; the pair subsequently consolidated at 1.6567, retreating 0.42%.Cable was likely to find support at 1.6426, the low of February 12 and resistance at 1.6666, Monday's high.The risk-related pound weakened after CNN reported that Vladislav Seleznyov, Ukraine's defense ministry spokesman, said at least one Ukrainian officer had been injured in an assault on a base by "armed people in masks" near the Crimean capital of Simferopol.Earlier Tuesday, Russian President Vladimir Putin said that Russia isn't seeking "a partition of Ukraine", signaling that Russia's moves in Ukraine would be limited.The comments came during a speech to a joint session of parliament in Moscow, a day after the president recognized the results of Sunday's referendum in Crimea, which saw a majority of voters chose to split from Ukraine.

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DAILY ECONOMIC DATA

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EPIC'S ANALYST SPEAKS GBP/USD Hourly Chart

INTRADAY OUTLOOK Support: 1.6550 Resistance: 1.6655 RECOMMENDATION: 1. Buy GBP/USD Above 1.6655- TG: 1.6675/ 1.6715 SL 1.6615 2. Sell GBP/USD Below 1.6550- TG: 1.6530/ 1.6490 SL 1.6595 YOUR MINTVISORY

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EPIC'S ANALYST SPEAKS EUR/USD Hourly Chart

INTRADAY OUTLOOK Immediate Support: 1.3890 Immediate Resistance: 1.4060 RECOMMENDATION: 1. Buy EUR/USD Above 1.3940- TG: 1.3960/1.4000 SL 1.3900 2. Sell EUR/USD Below 1.3890- TG: 1.3870/1.3830 SL 1.3930 YOUR MINTVISORY

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