EUR is still looking for a direction. This morning the currency is under a slight downside pressure but still manitains the price levels above 1.3200. All indicators on H4 and H1 are going flat, giving no clue to where will the price go in the hours ahead. If we are not able to break and close above 1.3300 today, EUR will come under selling pressure with first target 1.3205 and then 1.3170 and finally 1.3140. The market is waiting for Germany's Factory Orders data release later today and maybe that will move the EUR out of the price trap. If today we close the day below 1.3240 that will signal a downside move for the next few days with target 1.3108 and below. To the upside first target will be 1.3340 and then 1.3405.
As expected GOLD price si sliding down along the Senkou Span A of the negative Ichimoku and the process will continue in the following days, more serious drop we may expect only below 1260, above that level a recovery to the upside may start at any moment.
LONG EUR above 1.3305 SL 1.3290 TP 1.3340-1.3385
SHORT EUR below 1.3280 SL 1.3295 TP 1.3205-1.3175-1.3150
LONG GOLD above 1270 SL 1265 TP 1300-1310 and above
SHORT GOLD below 1260 SL 1265 TP 1226-1200 and below