Tuesday, November 26, 2013

Trading Recommendation for Nov. 26

Fundamental Analysis
Euro$ Dips on Report of Strong Euro to Cut Growth in EZ in 2014



The Euro dropped to as low as 1.3490 from yesterday's high of 1.3556 per US$ after a report of its strength for the past several months may eventually lead to decline of the region's growth into 2014.

To read the full trading recommendation, please click this link: http://metisetrade.com/index.php/research




Technical Analysis


Gold Bounce at Downtrend Channel Support Offers Selling Potential






Gold rebounded from its low of $1227.36 to closed at $1252.82 yesterday may be defined as a healthy correction from its slippage last week of $1291. The movement came from its low maybe considered as a normal pull-back reaction since it is still within the confines of the channel with a range of $35 from its resistance and support.


To read the full trading recommendation, please click this link:http://metisetrade.com/index.php/research

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