Daily market recommendations for today Tuesday 01-04-2014

[Ahmed Mahmoud]

EURUSD Near Term : Upside favored
Pivot Point : 1.3745
EURUSD is Upside favored , So Buy at 1.3745 with Target at 1.3845
If breaks below pivot 1.3745 Sell with Target at 1.37

GBPUSD Near Term : Upside favored
Pivot Point : 1.6600
GBPUSD is Upside favored , So Buy at 1.66 with Target at 1.6715
If breaks below pivot 1.66 Sell with Target at 1.655

USDJPY Near Term : Upside favored
Pivot Point : 102.65
USDJPY is Upside favored , So Buy at 102.65 with Target at 103.45
If breaks below pivot 102.65 Sell with Target at 102.45

Crude Oil Near Term : Upside favored
Pivot Point : 100.40
Crude Oil is Upside favored , So Buy at 100.4 with Target at 102.5
If breaks below pivot 100.4 Sell with Target at 99.45

Gold Near Term : Downside favored
Pivot Point : 1300
Gold is Downside favored, So Sell at 1300 with Target at 1277
If breaks above pivot 1300 Buy with Target at 1306


Most Important Forex Events for Today (GMT):
• Manufacturing PMI for Chinese Yun at 01:00
• RBA Rate Statement for Australian Dollar at 03:30
• Manufacturing PMI for British Pound at 08:30
• ISM Manufacturing PMI for US Dollar at 14:00