EUR dropped seriously minutes after mr.Draghi's speech, but the downside pressure wasn't enought to break the 1.3550 support and as usual the negative Ichimoku did well his job. We are now back into the 'triangle' supported by 1.3600 level and for now far enough from the important 1.3550. From now on our target will be 1.3665 and 1.3686 then 1.3780. We are approaching the positive Ichimoku slope which is going to elevate the price along its slope and after that move we shall start watching for trend reversal signs and patterns. First sign will be a clear break of 1.3550, the price will move through it with a speed of light reaching 1.3500 in one H4 candle, closing near 1.3500 will mean reversal has probably started. Today we are targeting 1.3650-65 area and we have to plans there. First it to continue moving with target 1.3730 (this is harder) and second one is easier to follow - to reach 1.3660 and then to return back to 1.3600-1.3590, where to close the week.
GOLD has made a small progress to the upside as it succeeded to stay above 1220 as i have said yesterday. Currently the upside is limited by the 1244-1254 resistance area, pretty wide as you can see. Only if we succeed to close above, we may target 1280 and 1300 levels. GOLD is in a recovery mode, exit long below 1220 and sell below 1215.
LONG EUR above 1.3605 SL 1.3590 TP1.3650-1.3665-1.3705-1.3720-1.3750
SHORT EUR below 1.3660 SL 1.3675 TP 1.3615-1.3600-1.3585
SHORT EUR below 1.3700 SL 1.3715 TP 1.3660-1.3630-1.3600
SHORT GOLD below 1246 SL 1252 TP 1226-1216-1200-1188
LONG GOLD above 1226 SL 1220 TP 1246-1252-1266-1280-1292