Wednesday, May 13, 2015

Nial Fuller review this week

EU/US The EURUSD ended last week basically unchanged after rotating lower on Thursday and Friday. We are still currently neutral on this market and looking to sell from higher prices. If price moves up and tests 1.1450 – 1.1500 key resistance area we could look to sell there in-line with the overall weekly chart downtrend. Potential downtrend from next week ? Gold - Spot Gold continues to look weak The spot Gold market consolidated last week, moving sideways. Whilst price is contained under the key resistance zone up near 1220.00 – 1208.00 we will remain more bearish biased on this market and will look to be sellers on any rallies as we see the potential for price to continue rolling over to the downside in the coming days. Potential downtrend ?

No comments: