Euro shows distinctive bearish intentions

January 14, 2016

EUR/USD

There is a bear flag forming for the Euro – a long canvas attached to the shaft (white candle). We will be buying the pair upon the breakage on the pullback:

But if the daily candle closes with a hammer, it is possible to try purchasing from its middle:

Buy Limit 1.0845, Stop Loss 1.0795, Take Profit 1.1050.

XAU/USD

The daily chart for Gold is closing with a bearish intake (or a gap in the clouds), which is rested on the broken resistance level. In this case we will try buying the noble metal at a current rate:

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