EUR continues to slide after ECB rate decision and mr.Draghi's speech. Please note that 1.3210-1.3170 support zone is critical for the EUR upside trend. If we have a weekly close below this will mean we are going down below 1.3000 for sure. Daily support is @ 1.3250, next support levels as i've said are 1.3210 and 1.3170. I expect a bounce from there and a new upside wave to 1.3400-1.3450 a fail there and another fall this time to 1.3000 and maybe below. Daily indicators show that EUR is in a correction mode with bullish trend still preserved. H4 indicators show that EUR is in a heavy deep correction but above 1.3320 there is still a possibility of reversal to the upside. Hourly says that EUR is in a wide consolidation between 1.3350 and 1.3420, breaking of either and close outside this range will mean continuing in the same direction.
GOLD failed once more to close above 1690 and reversed down to 1668 currently it is trading around that level. Indicators show mixed signals and i do not take them seriously.
Today is a holiday in Japan so markets there will be closed, today and tomorrow there is EU finance ministers summit so read the news frequently and place stops to your positions, on Thursday there will be G20 finance ministers' summit and a plenty of important economic data, there will be a high volatility on Friday too, so a very interesting week is coming.
SHORT EUR below 1.3425 SL 1.3440 TP 1.3350-1.3310-1.3250
LONG EUR above 1.3460 SL 1.3440 TP 1.3520-1.3560-1.3610
SHORT GOLD below 1672 SL 1676 TP 1658 - 1648 -1638
LONG GOLD above 1675 SL 1670 TP 1685-1695