The US dollar fell as trade tensions with China continued. The British pound retreated against the dollar and euro below key levels. Euro remained steady after eurozone inflation figures were close to estimates. Analysts provide daily technical outlook and recommendations to buy or sell the GBP/USD and EUR/USD currency pairs based on support and resistance levels. The weekly report also includes international economic data and a disclaimer.

1. 03 Sep – 07 Sep 2018
For More Information Please visit www.epicresearch.co or contact info@epicresearch.co
Please refer to disclaimer at the end of the report.
WEEKLY INTERNATIONAL FOREX

2. INTERNATIONAL CURRENCY BUZZ
Forex - U.S. Dollar Falls as Trade War Continues
Forex - GBP/USD retreats farther below 1.30 handle, fresh session low
Forex - EUR/USD – Euro steady as Eurozone CPI estimate close to estimate
GBP/USD
The GBP/USD pair finally broke down of its consolidation trading range and dropped to a two-day low,
around the 1.2965-60 region in the last hour. The pair struggled to build on Wednesday's strong upsurge,
supported by news that the EU was willing to offer the UK an unprecedented partnership, and remained
capped below four-week tops, set in the previous session, coinciding with 50-day SMA immediate hurdle
near the 1.3030-40 region. A goodish pickup in the US Dollar demand, triggered by escalating US-China trade
tensions, was seen as one of the key factors prompting some long-unwinding trade on the last trading day of
the week.
EUR/USD
The single currency posted little-to-none reaction to the release of flash CPI in the euro area for the current month,
with EUR/USD sticking to its daily gains around 1.1670. Spot is navigating without a clear direction at the end of the
week, while the publication of EMU’s CPIfigures did not help to change that either. EUR kept the familiar range after
preliminary inflation figures in Euroland showed headline consumer prices are seen rising at an annualized 2.0% (vs.
2.1% forecasted), while Core prices are expected to advance 1.0% over the last twelve months (vs. consensus at
1.1%). In the meantime, the pair continues to look to the USD-dynamics as the main diver of the price action as well
as developments from the EM FX space. Later in the day, the final U-Mich index for the month of August is due in
the US calendar.
WEEKLY INTERNATIONAL FOREX

3. WEEKLY ECONOMIC DATA
WEEKLY INTERNATIONAL FOREX

4. EPIC'S ANALYST SPEAKS
GBP/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.2943
Resistance: 1.3046
RECOMMENDATION:
BUY GBPUSD ABOVE 1.3030 TGT 1.3130 1.3230 SL 1.2930
SELL GBPUSD BELOW 1.2910 TGT 1.2810 1.2710 SL 1.3010
WEEKLY INTERNATIONAL FOREX

5. EPIC'S ANALYST SPEAKS
EUR/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.1306
Resistance: 1.1800
RECOMMENDATION:
BUY EURUSD ABOVE 1.1650 TGT 1.1750 1.1880 SL 1.1570
SELL EURUSD BELOW 1.1550 TGT 1.1450 1.1350 SL 1.1650
WEEKLY INTERNATIONAL FOREX

6. Epic Research is one of India’s largest Financial Advisory house. Epic Research is amongst leading and most valuable financial
advisory provider companies in the private sector.
DISCLAIMER
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or
liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present
the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for
personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment
decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate
particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any
transaction conducted based on the information given in this report. The share price projections shown are not necessarily indicative of future price
performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research
might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does
not read any views ex-pressed as a recommendation for which either the site or its owners or anyone can be held responsible. Any surfing and reading of
the information is the acceptance of this disclaimer. Investment in equity, futures, Forex and commodity market has its own risks. We, however, do not
vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may
arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients
(Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with
anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
For India: Info@epicresearch.co Address: 411 Milinda Manor(Suites 409-425) 2 RNT Marg. Opp Central Mall Indore (M.P.) +91 -731- 6642300
For United States- HNI& NRI Sales Contact: 2117 Arbor Vista Dr. Charlotte (NC)-Cell: +1 704 249 23
For Australia- HNI & NRI Sales Contact: Mintara Road, Tarneit, Victoria, Post Code 3029 Cell: +61 422 063855
Singapore- www.epicresearch.sg Contact +65-3158-1402
Malaysia-www.epicresearch.myContact +60-3502-19047
WEEKLY INTERNATIONAL FOREX