Monday, December 24, 2012

$EURUSD Technical Outlook



EURUSD DAILY CHART - Medium-term outlook remain bullish above 1.2660. First target is 61.8% of 1.2040 to 1.3170 from 1.2660 at 1.3370.

EURUSD HOURLY CHART - Weekly outlook suggest short-term reversal below 1.3300 (last at 1.3186) targeting 50% retracement level at 1.3091. 

Friday, December 21, 2012

$XAUUSD Testing 61.8% Retracement Level

XAUUSD DAILY CHART - Gold found some support near 61.8% retracement level at 1642, which could be the bottom of a possible ABC correction pattern. I am looking to buy the pair targeting 1671 and 1700 with stop loss below this month low.