EUR has recovered yesterday and reached the resistance 1.2930 after dropping to 1.2820. Buyers appear around 1.2800-1.2820 so this area is well protected and should cap any downside. Currecntly EUR is trading around the Fibo level 1.2915 with the strong upside channel resistance line at 1.2930. On H4 we are inside the negative Ichimoku trying to break it higher, unfortunately drops to 1.2870 or even 50 are still possible. On Daily seems that the EUR is trying to reenter the upside channel…Continue
EUR has reached my long targets from yesterday and is currently at the resistance line 1.2930 which is also the border of the ascending channel from 1.2047. Breaking above may happen only on dollar negative news from Mr.Bernarke, so untin that and FOMC decision i expect a range trade between 1.2860 and 1.2930, significant moves may happen in later american session or tomorrow.
GOLD is again in a stand-by, waiting for the dollar to choose direction.
EUR has found a temporary support at 1.2800, but we have still chances to go to 1.2700 this week, for this we need another test of 1.2900. The price is currently very shy going upside, and seems that at any moment this would reverse to the downside again.Tomorrow will be the key as EU leaders' summit starts and later in the day mr.Bernarke will speak, finally the FOMC decision which will be a no surprise. With some good EU data and a little help from mr.Bernarke EUR may reach the 1.2990 area…Continue