EUR has opened the new week with a downside gap. This is a good signal that probably we have reached a top at 1.3400 and will be no more upside. On Daily we have a great need of correction move lower. First support is 1.3295. Today we have no so important economic data, except the Federal budget. Better than expected value will increade the downside pressure over the EUR. On Tuesday we shall have the consumer price index for Germany, Germany's ZEW and US retail sales releases - some very important data which may determine the EUR direction for the rest of the week. On H4 we have a resistance zone at 1.3340-60 and i think for today the target will be the support zone 1.3285-95, below that is 1.3265 support and if that last is broken we shall target the 1.3170 support - that is also the rising channel border, so it will cap any downside for now. Only on some really EUR negative news we may test for a while 1.3090 where SMA200 passes on Daily. If you look at the Weekly you will clearly see that we are inside a flat consolidation channel between 1.2800 and 1.3400. Breaking of either border will mean progress in the same direction for at least 700-800 pips more.
GOLD seems has finished consolidation and trying to break the Ichimoku to the upside. Buy GOLD as the price is above 1309, next target is 1352, then 1385 and 1400.
SHORT EUR below 1.3360 SL 1.3380 TP 1.3295-1.3265-1.3240-1.3210-1.3190-1.3170
LONG EUR above 1.3390 SL 1.3370 TP 1.3420
SHORT EUR below 1.3415 SL 1.3435 TP1.3310-1.3210-1.3170-1.3105-1.3070
LONG GOLD above 1310 SL 1305 TP 1350-1380-1400
SHORT GOLD below 1300 SL 1305 TP 1270-1230-1190