Daily market recommendations for today Wednesday 08-01-2014

EURUSD Near Term : Downside favored
Pivot Point : 1.3660
EURUSD is Downside favored, So Sell at 1.366 with Target at 1.3565
If breaks above pivot 1.366 Buy with Target at 1.37

GBPUSD Near Term : Upside favored
Pivot Point : 1.6370
GBPUSD is Upside favored , So Buy at 1.637 with Target at 1.647
If breaks below pivot 1.637 Sell with Target at 1.6335

USDJPY Near Term : Upside favored
Pivot Point : 104.65
USDJPY is Upside favored , So Buy at 104.65 with Target at 105.2
If breaks below pivot 104.65 Sell with Target at 104.3

Crude Oil Near Term : Downside favored
Pivot Point : 95.40
Crude Oil is Downside favored, So Sell at 95.4 with Target at 93.3
If breaks above pivot 95.4 Buy with Target at 96.55

Gold Near Term : Under Pressure
Pivot Point : 1235
Gold is Under Pressure, So Sell at 1235 with Target at 1215
If breaks above pivot 1235 Buy with Target at 1245


Most Important Forex Events for Today (GMT):
· ADP Non-Farm Employment Change for US Dollar at 13:15
· FOMC Meeting Minutes for US Dollar at 19:00