Nial Fuller's this week review

EURUSD – Euro/dollar at key resistance zone The EURUSD has moved up into the key resistance zone between 1.1450 – 1.1500. If we get a price action sell signal here this week, we will look to sell in anticipation of a move lower. So, it all depends on what happens within this resistance zone this week. If we don’t get any obvious sell signal there we will stay on the sidelines. A move up above 1.1500 would make this pair look more bullish and solidify this recent upward move. XAUUSD – Spot Gold pushing higher The spot Gold market surged higher last week after bouncing up aggressively from key support down near 1175.00 area. We could see this upward movement continue this week and we will look to buy pullbacks to support whilst price is above that 1175.00 key level. Traders can watch support down near the 8 / 21 day EMA layer for buying opportunities this week.