EUR moved in both directions yesterday and finally reached 1.3110, then pullbacked about 20 pips and curently is trading around 1.3130. My yesterday's SHORT target hasn't been reached so far but this may happen today. A lot better than expected ISM yesterday has put the EUR under selling pressure, nothing new from the ECB too, so the pair continues to loose positions against the greenback. Possible recovery is limited by the resistance area 1.3150-65. To continue the recovery EUR needs at least one H4 close above 1.3175 and for now i don't see that to happen. Today's targets will be below 1.3100, but i expect there bulls to appear and to move the price back above 1.3100 by the end of the day.
It is too early to break the positive Ichimoku on Daily, that is why i do not expect any drops deeper than 1.3030 for the next several days, nevertheless all news and moods are in favor of the dollar. Daily and H4 indicators are mixed but show some signs of recovery to the upside, while smaller frames are still negative.
For now GOLD still doesn't find any reason to go up, traders sell GOLD and invest in more attractive pairs, so i am expecting further fall in the next few days, maybe till the end of the next week. Still is not clear if someone will fight together with USA in Syria or they will be alone, and still not clear will the FED continue its stimulus program or will start to limit the stimulus. Second is quite more possible because of the recent economic data from the USA, that is why the dollar makes gains anainst almost all currencies and metals.
LONG EUR above 1.3120 SL 1305 TP 1.3160-1.3180-1.3205
SHORT EUR below 1.3120 SL 1.3135 TP 1.3105-1.3085-1.3065-1.3040
SHORT GOLD below 1376 SL 1382 TP 1355-1335-1318
LONG GOLD above 1400 SL 1394 TP 1418-1430