Daily market recommendations for today Thursday 26-12-2013

[Ahmed Mahmoud]

EURUSD Near Term : Upside favored

Pivot Point : 1.3645

EURUSD is Upside favored , So Buy at 1.3645 with Target at 1.372

If breaks below pivot 1.3645 Sell with Target at 1.3615


GBPUSD Near Term : Upside favored

Pivot Point : 1.6320

GBPUSD is Upside favored , So Buy at 1.632 with Target at 1.6405

If breaks below pivot 1.632 Sell with Target at 1.6295


USDJPY Near Term : Upside favored

Pivot Point : 103.75

USDJPY is Upside favored , So Buy at 103.75 with Target at 104.95

If breaks below pivot 103.75 Sell with Target at 103.4


Crude Oil Near Term : Upside favored

Pivot Point : 98.15

Crude Oil is Upside favored , So Buy at 98.15 with Target at 100.1

If breaks below pivot 98.15 Sell with Target at 97.25


Gold Near Term : Downside favored

Pivot Point : 1215

Gold is Downside favored, So Sell at 1215 with Target at 1180

If breaks above pivot 1215 Buy with Target at 1227



Most Important Forex Events for Today (GMT):

· Unemployment Claims for US Dollar at 13:30

· Tokyo Core CPI for Japanese yen at 23:30

· Household Spending for Japanese yen at 23:30