Yesterday we have made an unsuccessful test of 1.2800 as forecasted, then EUR entered a negative Ichimoku on H4 chart. Currently EUR is trying to stay into that cloud with the possibility to break it higher, but this will depend highly on US negative news, as there is a lack of any EU positive news.

On H4 we are LONG as long as the bar closes above 1.2750, if we have a H4 bar closing below 1.2750 you should reconsider you LONG position. On Daily indicators still point to the downside, we need a daily close above 1.2820 to continue the upside next week. And i expect to break the positive Ichimoku to the downside within 10 days, but before that a test of 1.2920 is possible. So in very short term i expect the EUR to continue to rise (but if only we have a daily close above 1.2820).

GOLD dropped yesterday below 1710 but has made a rebound, enter LONG only above 1726, below 1724 we are SHORT.

For today:

I cannot say where will the EUR go today, but you have 2 opportunities to decide on your own risk -

LONG EUR above 1.2750 SL 1.2730 TP 1.2810-50

SHORT EUR below 1.2730 SL 1.2750 TP 1.2680-60 and below

SHORT GOLD below 1724 SL 1728 TP 1700

LONG GOLD only on a Daily close above 1726

Good luck!

Views: 500

Tags: EUR, GOLD, USD

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