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Daily market recommendations for today Tuesday 11-03-2014

Discussion in 'Forex Discussions' started by Ahmed Mahmoud, Mar 11, 2014.

  1. Ahmed Mahmoud

    Ahmed Mahmoud New Member

    Joined:
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    EURUSD Near Term : Upside favored
    Pivot Point : 1.3800
    EURUSD is Upside favored , So Buy at 1.38 with Target at 1.394
    If breaks below pivot 1.38 Sell with Target at 1.375

    GBPUSD Near Term : Downside favored
    Pivot Point : 1.6685
    GBPUSD is Downside favored , So Sell at 1.6685 with Target at 1.658
    If breaks above pivot 1.6685 Buy with Target at 1.671

    USDJPY Near Term : Upside favored
    Pivot Point : 102.80
    USDJPY is Upside favored , So Buy at 102.8 with Target at 104
    If breaks below pivot 102.8 Sell with Target at 102.25

    Crude Oil Near Term : Downside favored
    Pivot Point : 102.85
    Crude Oil is Downside favored, So Sell at 102.85 with Target at 100.5
    If breaks above pivot 102.85 Buy with Target at 104

    Gold Near Term : Upside favored
    Pivot Point : 1330
    Gold is Upside favored , So Buy at 1330 with Target at 1354
    If breaks below pivot 1330 Sell with Target at 1322


    Most Important Forex Events for Today (GMT):
    • Inflation Report Hearings for British Pound at 09:30
    • Manufacturing Production for British Pound at 09:30
     
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