EUR is building a staircase slowly to the 1.3800 level. The pair completely ignores the fundamental data which is not in favor of the EUR. M30,H1,H4 and Daily indicators are extremely bullish, they even do not show any sign of any correction in near future. The market players continue to inflate the bubble, and the oficials continue to say there is no bubble. The last thing which may change the picture is consumer spending this Thursday.So we have to watch this with a great interest. Until that the upside is quite possible to continue without any pullback.

GOLD made a small progress to the upside and makes profit of the weak dollar. However 1242 is a strong resistance and for now the metal has no enough power to break higher. GOLD has found some minor support above 1236 so watch this for breaking lower. If broken then a new slide will follow.

For today:

LONG EUR above 1.3740 SL 1.3725 TP 1.3785-1.3800-1.3820-1.3850 (this last is crazy)

SHORT EUR below 1.3725 SL 1.3740 TP 1.3710-1.3660-1.3640-1.3610-1.3580-1.3550-1.3520

LONG GOLD above 1238 SL 1233 TP 1252-1265

SHORT GOLD below 1234 SL 1238 TP 1220-1215-1210-1200

Good luck!

Views: 744

Tags: EUR, GOLD, USD

Comment by Fx Master on December 11, 2013 at 6:29am
Waiting for today's analysis
Comment by Vladimir Mihaylov on December 11, 2013 at 11:09am

Today's is the same as yesterday's as the market is waiting for the economic data from the USA tomorrow.

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