Explanation: Red line: Significant Weekly Highs/Lows
Explanation: Red line: Significant Weekly Highs/Lows
The daily bullish trend is still intact and will probably be continued. Explanation: Green lines: Significant Daily Highs/Lows Red line: Significant Weekly High
Long entry for EURUSD with low risk and high reward.
Since 2011 Gold is in a steady downtrend. The period from 2004-2011 appears to be a huge bubble and it's correcting down back to the mean value. It seems Gold behaves like the market cycle shown here: www.ritholtz.com
EURUSD hit a very strong resistance zone at 1.1280 and got rejected hard. EURUSD hovered around at that level for about a month in February 2015. There is a high probability it will test lower fibonacci support levels again.