Daily market recommendations for today Thursday 12-02-2014

EURUSD Near Term : Upside favoredPivot Point : 1.3600EURUSD is Upside favored , So Buy at 1.36 with Target at 1.3715If breaks below pivot 1.36 Sell with Target at 1.356GBPUSD Near Term : Upside favoredPivot Point : 1.6540GBPUSD is Upside favored , So Buy at 1.654 with Target at 1.667If breaks below pivot 1.654 Sell with Target at 1.6485USDJPY Near Term : Upside favoredPivot Point : 101.90Gold is Upside favored , So Buy at 101.9 with Target at 102.9If breaks below pivot 101.9 Sell with Target at 101.2Crude Oil Near Term : Downside favoredPivot Point : 100.55Crude Oil is Downside favored , So Sell at 100.55 with Target at 99.1If breaks above pivot 100.55 Buy with Target at 101.6Gold Near Term : Upside favoredPivot Point : 1275Gold is Upside favored , So Buy at 1275 with Target at 1296If breaks below pivot 1275 Sell with Target at 1267Most Important Forex Events for Today (GMT): • Employment Change for Australian Dollar at 00:30• Unemployment Rate for Australian Dollar at 00:30• Unemployment Claims for US Dollar at 13:30• Retail Sales for US Dollar at 13:30• Core Retail Sales for US Dollar at 13:30