EUR preformed a flat consolidation yesterday and reached my first LONG target with today's Asia open. Currently EUR trades around 1.3030 but the upside seems pretty unstable. We weren't able to record a new low yesterday, so i think we have a temporary bottom for now set at 1.2966. The recovery may extend to 1.3150 at first stage and if broken we may reach even 1.3210 but not today, maybe later this week. We have a diagonal resistance line at 1.3220 which seems to strong to break to the upside so i think it would be good idea to open a SELL position somewhere between 1.3140-1.3220 with target below 1.2940. If we are not able to break 1.2940 to the downside in the following 2 weeks a powerful recovery will occur to 1.3300 at least. If we succeed with breaking of 1.2940 then EUR will drop first to 1.2840 where MA200 passes and if that is broken too we are going to the major upside channel support line @ 1.2700 where you may enter LONG again.
GOLD stopped the downside attempt on dollar weakening, and now waits for the EUR move. Reverse to the upside only above 1589. Currently indicators are pointing to the downside and i cannot say that further downside is over. We are stuck at the support area 1580-1585. Better wait for the GOLD to determine direction.
LONG EUR above 1.3020 SL 1.3005 TP 1.3070-1.3090-1.3140
SHORT EUR below 1.3150 SL 1.3160 TP 1.3030-1.2970-1.2940
SHORT EUR below 1.3090 SL 1.3110 TP 1.3030-1.2970 (trade this only if confirmed unsuccessful break of the resistance 1.3090, wait for one more closed H4 bar)
LONG GOLD above 1590 SL 1585 TP 1610-1625
SHORT GOLD below 1565 SL 1570 TP 1550
any comments and discussions are welcomed here, thank you :)