EUR was calm after the rate unchanged by the ECB, now all wait for Monday's decision about next money transfer to Greece, which will be a fact for sure, but market need some stimulus to exit this strange situation of artificial volatility. Meanwhile EUR still is trading within a downside channel. It was not able to go below 1.2720, currently trades @ 1.2775 and the first resistance is 1.2800, second is 1.2850 and third 1.2905. At 1.2930 passes the MA200 on H4 frame which will cap any upside for today. But i think that if there aren't any euro positive news or any dollar negative news, we shall not be able to go through 1.2820 for today.

GOLD has made another rally as EUR floats without a direction and situation in the USA is absolutely the same. Now gold trades @ 1733 and we have a resistance near 1742. We need a clear break of that resistance to restore the upside.

For today:

LONG EUR above 1.2760 SL 1.2740 TP 1.2820-50 (remember the first resistance @ 1.2800)

then

SHORT EUR below 1.2850-55 SL 1.2865-70 TP 1.2760-80

LONG GOLD above 1730 SL 1724 TP 1742 and above if broken

Good luck!

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Tags: EUR, GOLD, USD

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