Yesterday EUR reached all the three targets in my forecast, and GOLD has reached also the short target in early Asia today. I hope you've made a good profit. So the big question is what next. Answers for the EUR and the GOLD are different i think. Let's first take a look on EUR. Today plenty of data for the EU will be released starting with Germany's. Later today over the Atlantic we shall wait for NFP and ISM. These will be the market movers today. On the charts interesting things are happening they are so clear and simple that can't be better. On Monthly we have been rejected by a huge negative Ichimoku border and we are searching for support but first is 1.3000 second is 1.2900 below 1.2900 is 1.2675 and if that is broken on Monthly - EUR is totally doomed. But do not make a dream this won't happen (soon).
On Weekly the diving to 1.2600 has just started. We have a very good support @ 1.2980, next comes @ 1.2930 and 1.2900. To open the way to 1.2600 we need a weekly close below 1.2850. You can print this forecast to have the levels for the future, because i'm not going to write these in every single daily forecast. I'm expecting a drop to 1.2600 in 40 days from now. Of course for this closing the month below 1.2900 is a must. But this is just the first week of January and the dollar is usually stronger than other currencies. On Weekly we are still bullish, but on all other time fremes we are bearish, so majority wins.
Today's support is 1.2980 if reached i think we shall have a pullback higher to 1.3030 and even to 1.3090-1.3125 on bad US data and good EU data. We have reached the support 1.3030 on H4 and now it's time to correct to 1.3090 at least. Only if we Close below 1.3020 we shall test 1.2980. On H1 close above 1.3045 will signal rising to 1.3080-90. Please take a look in the future on Daily and you will notice that a good H&S model is forming with a neckline at 1.2880-1.2890.
GOLD has cancelled the recovery mode and now is again going south, move is very strong and seems to continue, throw all your golden jewels for recycling :) Now breaking below 1630 will risk a drop to 1600 and even below - to 1550 for example - too bad isn't it :((((( R.I.P.
on a dip to 1.2980 try LONG @ 1.2980 SL 1.2965 TP 1.3080-90-1.3120
SHORT below 1.3045 SL 1.3060 TP 1.3030-1.2980
SHORT GOLD below 1660 SL 1668 TP 1645-1632 and below
do not enter LONG GOLD it's too dangerous