EUR was unable to pass above resistance @ 1.3150-60 and with the bad USD GDP release reversed back to the downside to reach the bottom of the positive Ichimoku on Daily. Currently we are very close to break it lower. We have a good support at 1.2950-60 and i think it will hold the downside this week and will be a good point for a recovery to the upside. Weekly close below 1.3120 wil open the way to attack 1.2900 next week. We may see upside restoring only above 1.3310. There is a lot of economic data today and better than forecasted values for Germany and eurozone may rally the EUR, but this will be used mainly for opening new SHORT-s at better price. You may do the same, as the daily indicators still do not show any signs of correction.
GOLD also dropped heavily on lost risk appetite and firming of the dollar. Below 1575 expect another fall.
Short strateries will dominate
SHORT EUR below 1.3190 SL 1.3205 TP 1.3110-1.3090-1.3030-1.2980-1.2950
SHORT EUR below 1.3175 SL 1.3190 TP 1.3110-1.3090-1.3030-1.2980-1.2950
SHORT EUR below 1.3120 SL 1.3135 TP 1.3060-1.3000-1.2960 (be very careful here)
LONG EUR above 1.3260 SL 1.3240 TP 1.3320
SHORT GOLD below 1574 SL 1580 TP 1558-1550-1539
Any comments and discussions are welcomed here :) Thanks to all who have discussed yesterday