Daily market recommendations for today Wednesday 26-02-2014

EURUSD Near Term : Downside favoredPivot Point : 1.3770EURUSD is Downside favored , So Sell at 1.377 with Target at 1.3705If breaks above pivot 1.377 Buy with Target at 1.38GBPUSD Near Term : Upside favoredPivot Point : 1.6640GBPUSD is Upside favored , So Buy at 1.664 with Target at 1.6725If breaks below pivot 1.664 Sell with Target at 1.661USDJPY Near Term : Downside favoredPivot Point : 102.60USDJPY is Downside favored , So Sell at 102.6 with Target at 102If breaks above pivot 102.6 Buy with Target at 102.85Crude Oil Near Term : Downside favoredPivot Point : 102.50Crude Oil is Downside favored , So Sell at 102.5 with Target at 101If breaks above pivot 102.5 Buy with Target at 103Gold Near Term : Upside favoredPivot Point : 1330Gold is Upside favored , So Buy at 1330 with Target at 1351If breaks below pivot 1330 Sell with Target at 1325Most Important Forex Events for Today (GMT): • GfK Consumer Climate for German Euro at 07:00• Second Estimate GDP for British Pound at 09:30• Crude Oil Inventories for US Dollar at 15:00