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1. EPIC RESEARCH REPORT
DAILY INTERNATIONAL FOREX
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18-FEB-2015

2. INTERNATIONAL CURRENCY BUZZ
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Forex-Dollar declines vs. rivals with U.S. data on tap.
Forex- Euro edges higher after ZEW, Greece deadlock continues.
Forex-GBP/USD edges lower after U.K. inflation report.
GBP/USD
GBP/USD hit 1.5337 during European morning trade, the session low; the pair subsequently consolidated at
1.5349, slipping 0.10%.In a report, the U.K. Office for National Statistics said the rate of consumer price inflation
decelerated to 0.3% last month from 0.5% in December, broadly in line with market expectations.
Month-over-month, consumer price inflation declined 0.9% in January, compared to expectations for a drop of
0.8% and after holding flat in December.Bank of England Governor Mark Carney will now have to write an open
letter to the Chancellor of the Exchequer, George Osborn, as inflation is more than a percentage point below the
central bank's target of 2.0%.
EUR/USD
EUR/USD touched session highs of 1.1400 following the data, up from around 1.1385 earlier.Gains in the single
currency remained muted following a breakdown in talks between Greece and euro zone finance ministers on a
new financing arrangement for the country on Monday.Greece’s current €240 billion bailout is due to expire at
the end of the month and the new Greek government does not want it extended. Athens rejected a proposed six-
month extension of the bailout on Monday, calling it "unacceptable".Athens has until Friday to request an
extension otherwise its bailout will expire on February 28 and the country will run out of money, which could
trigger the country’s exit from the euro zone.

3. DAILY ECONOMIC DATA
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INTRADAY OUTLOOK
Support: 1.5337
Resistance: 1.5400
RECOMMENDATION:
1. Buy GBP/USD Above 1.5402-TG: 1.5422/1.5452 SL 1.5372
2. Sell GBP/USD Below 1.5335-TG: 1.5315/1.5285 SL 1.5365
EUR/USD Hourly Chart
EPIC'S ANALYST SPEAKS
GBP/USD Hourly Chart

5. EPIC'S ANALYST SPEAKS
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EUR/USD Hourly Chart
INTRADAY OUTLOOK
Immediate Support: 1.1392
Immediate Resistance: 1.1467
RECOMMENDATION:
1. Buy EUR/USD Above -1.1469 TG: 1.1489/1.1519 SL 1.1439
2. Sell EUR/USD Below -1.1390 TG:1.1370/1.1340 SL 1.1420

6. DISCLAIMER
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