Daily market recommendations for today Wednesday 18-12-2013

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