Today's Report

* This dull and boring movement bores the arse off me. Holiday spirit has kept the EUR/USD in a range between 1.3910 and 1.4020. I know that trading should be thin due to the holidays, but as far as I'm concerned, EUR/USD now is as dull as ditchwater. Market should be back to normal as 2009 starts.

* US new home sales declined 2.9% m/m to an annual rate of 407,000 in November, slower than the consensus expected 415,000 pace while US existing home sales fell a more-than-expected 8.6% m/m in November to an annual rate of 4.49 million.

* Fall from 1.4719 is expected to extend further to 4 hours 55 EMA (now at 1.3808) and below. Further break of 1.3629 cluster support will turn short term outlook bearish for decline towards 1.2329 low. (ActionForex)

* Live Trading: Bought EUR/USD 1.3969 [Closed +40]My last trade for the week. Happy Holidays guys..!