This document provides a daily report on international forex markets and recommendations. It discusses that the euro remained near eight-month lows against the dollar due to optimism over the strength of the US economic recovery supporting the greenback. It also mentions that the pound fell against the strengthening dollar after data showed rising durable goods demand and declining unemployment claims in the US. Charts and intraday trading recommendations are provided for the GBP/USD and EUR/USD currency pairs.

1. EPIC RESEARCH REPORT
DAILY INTERNATIONAL FOREX
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28-JULY-2014

2. INTERNATIONAL CURRENCY BUZZ
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Forex - EUR/USD remains near 8-month lows
Forex - GBP/USD dips on upbeat U.S. durable goods data
EUR/USD
The euro remained near eight-month lows against the U.S. dollar on Friday, as growing optimism over the strength of the
U.S. economic recovery supported the greenback, while poor German business climate data still pressured the single
currency lower.
A better-than-expected uptick in demand for durable goods in the U.S. sent the dollar firming against the euro on Friday.
GBP/USD
The pound fell against a firming dollar Friday after data revealed demand for long-lasting goods and
appliance was on the rise in the U.S. last month.
The data came a day after the U.S. Department of Labor reported that the number of individuals filing for
initial jobless benefits in the week ending July 19 declined by 19,000 to 284,000, defying market forecasts
for claims to rise by 5,000.
Elsewhere, sterling was up against the euro, with EUR/GBP down 0.15% at 0.7914, and down against the
yen, with GBP/JPY down 0.10% at 172.77.

3. DAILY ECONOMIC DATA
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4. EPIC'S ANALYST SPEAKS
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GBP/USD Hourly Chart
INTRADAY OUTLOOK
Support: 1.6963
Resistance: 1.6980
RECOMMENDATION:
1. Buy GBP/USD Above 1.6980- TG: 1.7000/ 1.7030 SL 1.6950
2. Sell GBP/USD Below 1.6963- TG: 1.6943/ 1.6913 SL 1.6993

5. EPIC'S ANALYST SPEAKS
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EUR/USD Hourly Chart
INTRADAY OUTLOOK
Immediate Support: 1.3424
Immediate Resistance: 1.3434
RECOMMENDATION:
1. Buy EUR/USD Above 1.3434- TG: 1.3454/1.3485 SL 1.3404
2. Sell EUR/USD Below 1.3424- TG: 1.3404/1.3374 SL 1.3454

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