Daily market recommendations for today Thursday 22-05-2014

EURUSD Near Term : Downside favoredPivot Point : 1.3700 EURUSD is Downside favored, So Sell at 1.37 with Target at 1.364If breaks above pivot 1.37 Buy with Target at 1.372GBPUSD Near Term : Upside favoredPivot Point : 1.6830 GBPUSD is Upside favored , So Buy at 1.683 with Target at 1.6935If breaks below pivot 1.683 Sell with Target at 1.68USDJPY Near Term : Upside favoredPivot Point : 101.10[B USDJPY [/B] is Upside favored , So Buy at 101.1 with Target at 101.9If breaks below pivot 101.1 Sell with Target at 100.8Crude Oil Near Term : Upside favored Pivot Point : 102.90 Crude Oil is Upside favored , So Buy at 102.9 with Target at 104.3If breaks below pivot 102.9 Sell with Target at 102Gold Near Term : Downside favoredPivot Point : 1297 Gold is Downside favored, So Sell at 1297 with Target at 1283If breaks above pivot 1297 Buy with Target at 1307Most Important Forex Events for Today (GMT): • Flash Manufacturing PMI for German Euro at 07:30• Core Retail Sales for Canadian Dollar at 12:30• Unemployment Claims for US Dollar at 12:30• Existing Home Sales for US Dollar at 14:00