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Daily market recommendations for today Thursday 22-05-2014

Discussion in 'Forex Discussions' started by Ahmed Mahmoud, May 22, 2014.

  1. Ahmed Mahmoud

    Ahmed Mahmoud New Member

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    EURUSD Near Term : Downside favored
    Pivot Point : 1.3700
    EURUSD is Downside favored, So Sell at 1.37 with Target at 1.364
    If breaks above pivot 1.37 Buy with Target at 1.372

    GBPUSD Near Term : Upside favored
    Pivot Point : 1.6830
    GBPUSD is Upside favored , So Buy at 1.683 with Target at 1.6935
    If breaks below pivot 1.683 Sell with Target at 1.68

    USDJPY Near Term : Upside favored
    Pivot Point : 101.10
    [B USDJPY [/B] is Upside favored , So Buy at 101.1 with Target at 101.9
    If breaks below pivot 101.1 Sell with Target at 100.8

    Crude Oil Near Term : Upside favored
    Pivot Point : 102.90
    Crude Oil is Upside favored , So Buy at 102.9 with Target at 104.3
    If breaks below pivot 102.9 Sell with Target at 102

    Gold Near Term : Downside favored
    Pivot Point : 1297
    Gold is Downside favored, So Sell at 1297 with Target at 1283
    If breaks above pivot 1297 Buy with Target at 1307


    Most Important Forex Events for Today (GMT):
    • Flash Manufacturing PMI for German Euro at 07:30
    • Core Retail Sales for Canadian Dollar at 12:30
    • Unemployment Claims for US Dollar at 12:30
    • Existing Home Sales for US Dollar at 14:00
     
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