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SHORT EUR below 1.3920 SL 1.3940 TP 1.3850-1.3820-1.3790
LONG EUR above 1.3875 SL 1.3850 TP 1.3895-1.3910-1.3920
SHORT GOLD below 1333 SL 1337 TP 1326-1318-1312-1306
LONG GOLD above 1341 SL 1336 TP 1349-1352-1358
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LONG EUR above 1.3830 SL 1.3815 TP 1.3870-1.3890-1.3910-1.3925
SHORT EUR below 1.3925 SL 1.3950 TP…Continue
EUR has tested 1.3700 support yesterday, but couldn't progress over 1.3750, finally closed the day close to 1.3730. Worse US data din't not affect the price at all, market completely ignored that and all eyes are on the ECB for today. If we are not able to progress over 1.3770 today, the pair will become under a heavy selling pressure with targets around 1.3600 and maybe below.Only above 1.3770 we shall try to reach 1.3825-30 which has rejected the price several times. If that is broken too…Continue
EUR is still consolidating below 1.3770. All are waiting for the next move from the ECB. Closing today below 1.3730 will make bulls' situation even more complex. Traders still avoid going SHORT and are very careful. Today more of the same can be expected with testing 1.3700 and 1.3770, which are the support and resistance levels. We have to wait for the ECB next move to see a breaking out of this range.
GOLD bounced back by the Weekly resistance 1354 and tested 1331 support area. For…Continue