First of all i wish you many of these next year and once again i want to thank you all for your comments and "Likes" here at my page. You will be welcomed here through the next year too and i wish you all the best.
In the last day of 2013 EUR opened with a small gap higher but for now the tone is bearish. We have made a spike higher on Friday when the EUR made a 200 pips move without having any reason and as the leading analysts said this was because the banks made some EUR purchases to have some fresh money at the beginning of 2014. I think this move was mainly to hit all the stops which were set on 21 october when a huge bearish move occured.
As the Monthly and Weekly frames are still bulish , the Daily one starts to turn bearish after several days of consolidation below 1.3800 and if the price falls below 1.3710 on Daily frame, the downside pressure over the EUR will increase with next target 1.3630. We have a pretty good support area at 1.3570-1.3610 as you can see it is wide enough to stop the downside at the first attempt. Switch now again to Daily and you can see that the price is in a triangle formation with support 1.3570 and resistance 1.3830 and it remains only 3-4 weeks till the triangle's end. So in January or beginning of February a huge move will occur quite more possible to the downside with testing of 1.32-1.33 area. ( i hope so as i have sold EUR at 1.3861 with 50 pips SL)
H4 frame tells us that the EUR is in a consolidation again and stopped right at the support 1.3730-40, if you remember this area has bounced the downside several times last week. The price is supported at 1.3710 too as there we have a small negative Ichimoku. If we succeed to stay above 1.3700 till the new year's first working day then a new test of the resistances may appear. And the resistances we may see at H1, the first one is 1.3770-1.3810 and 1.3860 (where i have sold EUR).
On the GOLD market Daily indicators show continuing downside with first target 1186 and then 1154, however a break above 1220 will test 1260 on Weekly. I think through the next year 2014 we are going to reach 1050 and then a pullback will appear to 1300-1400 for example, but let's see what will happen.
Please, all you who have read this forecast, post one comment or a wish here on my last forecast for this year :))))
Whish you luck!!!