EUR tested again the support area around 1.3720-1.3710, and currently the price is trying to hold above the 1.3750. As long as it is above 1.3750 further upside is quite possible. This week's news is in favor of the EUR again, at least until Wednesday when FED should say something about the tapering program. So i still thing we shall have a double top pattern and a massive profit taking after the FED's decision. Buy the rumors and sell the fact secenario is in place now.

GOLD still forms a base above 1220, but still nothing bullish nor bearish can be seen in the price movements. Some sideways trade will present today and tomorrow.

For today:

LONG EUR above 1.3750 SL 1.3735 TP 1.3800-1.3825-1.3840-1.3880

SHORT EUR below 1.3730 SL 1.3745 TP 1.3700-1.3690-1.3670

SHORT GOLD below 1236 SL 1242 TP 1220-1215-1208

LONG GOLD above 1246 SL 1240 TP 1258-1265-1280

Remember that no start of a trend will appear before FED's decision, range trade will present.

Good luck!

Views: 653

Tags: EUR, GOLD, USD

Comment by manziniFX trader on December 16, 2013 at 9:02am
nice trades
Comment by Khan Green on December 16, 2013 at 9:35am

Wonderful comments. Grateful

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