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Daily market recommendations for today Tuesday 25-02-2014

Discussion in 'Forex Discussions' started by Ahmed Mahmoud, Feb 25, 2014.

  1. Ahmed Mahmoud

    Ahmed Mahmoud New Member

    Joined:
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    EURUSD Near Term : Downside favored
    Pivot Point : 1.3770
    EURUSD is Downside favored , So Sell at 1.377 with Target at 1.3705
    If breaks above pivot 1.377 Buy with Target at 1.38

    GBPUSD Near Term : Upside favored
    Pivot Point : 1.6640
    GBPUSD is Upside favored , So Buy at 1.664 with Target at 1.6725
    If breaks below pivot 1.664 Sell with Target at 1.661

    USDJPY Near Term : Upside favored
    Pivot Point : 102.10
    Gold is Upside favored , So Buy at 102.1 with Target at 102.8
    If breaks below pivot 102.1 Sell with Target at 101.05

    Crude Oil Near Term : Upside favored
    Pivot Point : 101.50
    Crude Oil is Upside favored , So Buy at 101.5 with Target at 103
    If breaks below pivot 101.5 Sell with Target at 101

    Gold Near Term : Upside favored
    Pivot Point : 1325
    Gold is Upside favored , So Buy at 1325 with Target at 1344
    If breaks below pivot 1325 Sell with Target at 1318


    Most Important Forex Events for Today (GMT):
    • Inflation Expectations for New Zealand Dollar at 02:00
    • BBA Mortgage Approvals for British Pound at 09:30
    • CB Consumer Confidence for US Dollar at 15:00
     
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