We have closed the week negative again, but there shoud be another test of 1.4520 before going down again. Maybe this or next week. This morning EUR went to 1.4316 and then back below 1.43. However it's trying to break up higher ahead of the meeting of Merkel and Sarkozy tomorrow. If they reach an agreement, EUR will reach 1.4410 again, and from there 1.4520 looks very closer.
It's very difficult to make a forecast as we are now in a flat consolidation move, but for today we have the power to go to 1.4360-80 and then we shall look to stay above 1.4320. So you may enter LONG @ 1.4260 with TP 100 pips above or enter SHORT near 1.4400 with TP somewhere around 1.4330.
On GOLD we have also consolidation around 1740-1750. Breaking of 1720 will lead us below 1700, otherwise break above 1780 will renew the upside movement. But for now i think we shall go to 1670 before next leg UP.
My position is : LONG EUR @ 1.4293 TP 1.4350 - opened
Any comments and questions are welcomed