On a Daily chart we can see that EUR is forming an inverted H&S model. Still bouncing back from the large negative Ichimoku downside, but acoording to my view this will be short term weakness, due mainly to some profit taking. In the next 10-14 days upside movement will resume, until that floating between 1.2550 and 1.2750 will present. Upside will be halted @ 1.3000, so if you are LONG take your profit there. If we take a look on Weekly through September and further, USD will be put on pressure and EUR will try to break the negative Ichimoku higher, which may take us to 1.37 at least - but this is very long term forecast, and it is just my theory which i'm sharing with you.
Back on H4 EUR we can see clearly a FLAG formation which suggests more upside soon maybe 1.2740 or a little bit higher. First resistance is arround 1.28, if we have a daily close above - then 1.30 follows.
Of course there is a downside scenario, but i think 1.2500 will hold, and then a powerful reverse.
For any of you who are interesting in my positions - i'm LONG @ 1.2430 first target 1.28, second target 1.30. At this time i do not trade GOLD as it has no direction right now - i'm waiting for a weekly close around 1700 to determine the direction. There were several tries to break 1530 without success, this means that is it very possible that 1530-40 will be the solid base for the next 12 months. If you have any money available may go LONG below 1600. Upside follows but i'm not sure exactly when.