The Euro continued to erode following its closing price reversal top earlier in the week. Downside momentum helped drive the Euro closer to the retracement zone at 1.3732 to 1.3660, created by the last range of 1.3428 to 1.4036.

The December E-mini S&P 500 is trading flat after posting a closing price reversal top on Tuesday. The lack of follow-through to the downside means the signal hasn’t been confirmed yet, setting up the possibility of a rally back to 1215.50.

The stronger U.S. Dollar is putting pressure on December Gold overnight. Long traders began taking profits in gold on Friday following a turnaround in the Greenback, triggered by conservative comments from Fed Chairman Bernanke regarding quantitative easing.

U.S. equity markets are trading flat to lower overnight amid concerns the markets have little strong economic news to use as a catalyst to launch them higher. The U.S. Dollar is also trading weaker, driven down by a stronger Euro and Japanese Yen on worries the U.S. economic outlook remains bleak.