Another day of annoying consolidation has passed. Below 1.3000 level EUR quickly finds buyers and seems that we are close to a correction higher. For breaking 1.2940-60 we need a catalyzer, but for now there is no any in this situation some investors may wish to take part of the profit from SHORT-s and this will bring the correction in the pair. If we are able today to break successfully 1.3060 the upside move will accelerate and we can reach 1.3140-50, breaking above that will take us to 1.3230-50, but i doubt to reach that price today. Reaching 1.3140 is quite possible. On the downside, any drop below 1.3010 may increase the dollar power and the pair may do another test of 1.2940-60. I think the support zone will cap any further downside move for today. If we reach there use that levels to buy EUR with not more than 20 pips SL.
GOLD has made some benefit of the current uncertainty and lost EUR direction, however drops to 1581 are still possible, use that to go long with 5-6 USD SL.
LONG EUR above 1.3025 SL 1.3010 TP 1.3075-1.3095-1.3125-1.3145
SHORT EUR below 1.3000 SL 1.3015 TP 1.2970-1.2950
LONG GOLD above 1581 SL 1577 TP 1595-1605-1615
SHORT GOLD below 1565 SL 1570 TP 1556 and below