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1. EPIC RESEARCH REPORT
DAILY INTERNATIONAL FOREX
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24-DEC-2014

2. INTERNATIONAL CURRENCY BUZZ
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Forex-Dollar index hovers near 9-year highs, U.S. GDP data ahead.
Forex-EUR/USD almost unchanged near 2-year lows.
Forex-GBP/USD falls to fresh 15-month lows after U.K. Data.
EUR/USD
EUR/USD held steady, near two-year lows at 1.2236.Earlier Tuesday, official data showed that French consumer
spending rose 0.4% in November, beating expectations for a 0.3% gain. French consumer spending fell 0.8% in
October, whose figure was revised from a previously estimated 0.9% decline.Another report showed that France's
economy grew by 0.3% in the third quarter, in line with expectations and unchanged from the previous quarter's
growth rate.The dollar remained broadly supported after the Federal Reserve signaled last week that it was on
track to raise interest rates next year but said it was taking a patient stance.The central bank also acknowledged the
improvement in the U.S. labor market and noted that the economy is making progress toward its goals in inflation
and employment.
GBP-USD
GBP/USD down 0.10% to 1.5574.In a report, the Office for National Statistics said the U.K. current account deficit
widened to £27.0 billion in the third quarter from £24.3 billion in the second quarter, whose figure was revised
from a previously estimated deficit of £23.1 billion.A separate report showed that U.K. gross domestic product rose
0.7% in the third quarter, in line with expectations and down from a 0.8% growth rate in the three months to
June.Year-on-year, the U.K. economy grew at a rate of 3.6% in the last quarter, above expectations for growth of
3.0% and unchanged from the second quarter's revised rate, which had initially been estimated at 3.0%.

3. DAILY ECONOMIC DATA
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4. YOUR MINTVISORY Call us at +91-731-6642300
INTRADAY OUTLOOK
Support: 1.2208
Resistance: 1.2263
RECOMMENDATION:
1. Buy EUR/USD Above 1.2265-TG:1.2285/1.2315 SL 1.2235
2. Sell EUR/USD Below 1.2205-TG:1.2185/1.2155 SL 1.2235
EUR/USD Hourly Chart
EPIC'S ANALYST SPEAKS
EUR/USD Hourly Chart

5. EPIC'S ANALYST SPEAKS
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GBP/USD Hourly Chart
INTRADAY OUTLOOK
Immediate Support: 1.5531
Immediate Resistance: 1.5592
RECOMMENDATION:
1. Buy GBP/USD Above 1.5595-TG:1.5615/1.5645 SL 1.5565
2. Sell GBP/USD Below 1.5528-TG:1.5508/1.5478 SL 1.5558

6. DISCLAIMER
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