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Daily market recommendations for today Wednesday 18-12-2013

Discussion in 'Forex Discussions' started by Ahmed Mahmoud, Dec 18, 2013.

  1. Ahmed Mahmoud

    Ahmed Mahmoud New Member

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    EURUSD Near Term : Upside favored
    Pivot Point : 1.3720
    EURUSD is Upside favored , So Buy at 1.372with Target at 1.378
    If breaks below pivot 1.372 Sell with Target at 1.37

    GBPUSD Near Term : Upside favored
    Pivot Point : 1.6260
    GBPUSD is Upside favored , So Buy at 1.626 with Target at 1.64
    If breaks below pivot 1.626 Sell with Target at 1.62

    USDJPY Near Term : Downside favored
    Pivot Point : 103.30
    USDJPY is Downside favored ,So Sell at 103.3 with Target at 102.35
    If breaks above pivot 103.3Buy with Target at 103.7

    Crude Oil Near Term : Upside favored
    Pivot Point : 96.20
    Crude Oil is Upside favored , So Buy at 96.2 with Target at 98.15
    If breaks below pivot 96.2 Sell with Target at 95.2

    Gold Near Term : Downside favored
    Pivot Point : 1243
    Gold is Downside favored, So Sell at 1243 with Target at 1227
    If breaks above pivot 1243 Buy with Target at 1248


    Most Important Forex Events for Today (GMT):
    • Ifo Business Climate for German Euro at 09:00
    • Claimant Count Change for British Pound at 09:30
    • Federal Funds Rate for US Dollar at 19:00
    • FOMC Press Conference for US Dollar at 19:30
    • GDP for new Zealand Dollar at 21:45
     
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