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Daily market recommendations for today Monday 20-01-2014

Discussion in 'Forex Discussions' started by Ahmed Mahmoud, Jan 20, 2014.

  1. Ahmed Mahmoud

    Ahmed Mahmoud New Member

    Joined:
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    EURUSD Near Term : Downside favored
    Pivot Point : 1.3580
    EURUSD is Downside favored, So Sell at 1.358 with Target at 1.348
    If breaks above pivot 1.358 Buy with Target at 1.3625

    GBPUSD Near Term : Upside favored
    Pivot Point : 1.6380
    GBPUSD is Upside favored , So Buy at 1.638 with Target at 1.6465
    If breaks below pivot 1.638 Sell with Target at 1.63

    USDJPY Near Term : Downside favored
    Pivot Point : 104.45
    USDJPY is Downside favored, So Sell at 104.45 with Target at 103.5
    If breaks above pivot 104.45 Buy with Target at 104.65

    Crude Oil Near Term : Upside favored
    Pivot Point : 93.60
    Crude Oil is Upside favored , So Buy at 93.6 with Target at 94.9
    If breaks below pivot 93.6 Sell with Target at 93

    Gold Near Term : Upside favored
    Pivot Point : 1245
    Crude Oil is Upside favored , So Buy at 1245 with Target at 1261
    If breaks below pivot 1245 Sell with Target at 1234


    Most Important Forex Events for Today (GMT):
    • GDP for Chinese Yuan at 02:00
    • PPI for German Euro at 07:00
    • CPI for New Zealand Dollar at 21:45
     
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