EURUSD Technical Chart ReviewWhen the EURUSD 4-hour chart is examined; It is observed that the price movements continue in an upward trend. As long as the EURUSD level of 1.10054 is not broken downwards, it is evaluated that in price movements above the level of 1.10964, it can exceed the level of 1.12000 and target the level of 1.13720.
Fractales
Gold spot Fractal pattern Gold XAUUSD has seen a similar pattern ( Fractal represented by BOX on the price chart) formed between August'2011 to September'2012. A similar pattern has currently unfolded and we are at the cusp of the breakdown of the consolidation range, while range breakdown will mean flinty times for gold bulls as gold remained in cyclical correction for around 1000 days post break down of the trading range to bottom out in 2015. Further, this month's close below USD 1700 levels will ensure swing failure on RSI (14 Pd).