Rules:1. Remember to place here you calls for EUR/USD price for Friday December 13 - 2013 London Open at 7:00AM GMT.2. Just place ONE forecast, example: EUR/USD at 1.35873. All forecasts must be placed before Wednesday December 11 - 12:00AM GMT.4. There will be a prize for the one of you that approaches the most to the open price. Does not matter if you got short or you exceeded the open price, the closest win. Using different words, the guy with less pips of difference with the open price,…See More
A 4th negative weekly performance in a row was posted last week. Signals for sentiment are overstretched but there are 3 main reasons why we still favour the downside;Key Marabuzo line from 6 weeks ago now broken.Prices hugging a negatively trending daily Keltner channelImportant 13 day moving average is capping ralliesIn addition EURCHF is traded at 2 month lows with last week's decline the most negative since February.Potential targets are .8891 and .8833.…See More
EUR reached 1.3720 with today's open, however the EUR is too overestimated and i doubt the price to stay longer above 1.3700 level. As long as the price is above 1.3670 further upside is possible, but i expect a deeper correction once below 1.3670 - at least to 1.3615. Weekly,Daily and H4 indicators are pointing to the upside while H1 entered in a correction mode.GOLD has stopped above 1220 and below 1230 after Fridays sideways move between 1212 and 1242, we have a small body candle with long…See More
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