EUR jumped up higher after unsuccessful attempt to break the 1.2960-1.3000 support zone. It has formed a flag and yesterday's close above 1.3080 has put the EUR in a recovery mode. The recovery may continue as long as the price is above 1.3060, next target is the resstance area 1.3165-75 and above that 1.3220-1.3250. I expect somewhere ahead of 1.3300 to start the next leg down of course if 1.3175 is sucessfully broken - this is the necessary condition. We have the Ichimoku border on Weekly @ 1.3145 so you may try to sell there, or a little above @ 1.3165 if reached, and hope that next week we shall test 1.3000 again. It is difficult to promise you that we shall drop again next week, because always the rate decision makes a great impact and especially when confirmed for a long time in the future. Seems noone has paid attention of the bad data from Germany. I think this is just a pullback move of the huge drop from 1.3700 which lasted over a month. I think we still may expect the recovery to extend to 1.3250 like i always keep saying - now it is time to see if i was right. For today 1.3165-75 seems strong enough and i will sell there.
GOLD again was neglected with the focus on EUR/USD, and the metal consolidated unhappily. You may try LONG above 1570 with first target 1592 and if broken then 1620.
LONG EUR above 1.3060 SL 1.3040 TP 1.3150-75
SHORT EUR below 1.3175 SL 1.3190 TP 1.3100-1.3080
LONG GOLD above 1570 SL 1565 TP 1590-1605-1620
SHORT GOLD below 1560 SL 1565 TP 1550 and below
Happy women's day to all the women who read my forecasts :)