EUR continued its rally from the end of last week, and in early Asia reached 1.3404. Bulls are stronger than ever, and it's better not to stay against them. Of course the price can go even higher, but i don't think there is much space for this, maybe later this week, but for today i think 1.3440 will cap any further movement with pullback to 1.3405. H4, Daily are extremely bullish - there is no sign of pullback too, H1 slightly is turning over a correction with first support @ 1.3360, then 1.3320 and finally 1.3285. But please nothe that even a drop to 1.3285 won't change the bullish trend and the price may go up again if 1.3285 holds. I think there will be a correction move at least to 1.3320 - if not today, than within the next 2 days. The better thing for now is to stay away and watch for a top, then sell and wait for 1.3320-30. Someone will ask - but where to sell - now it's time to tell you more about the resistances. First is this morning's 1.3404, then next technical resistance is 1.3485, but i'm placing one which is only mine @ 1.3430-40.
Resistance 1.3485 is also a neckline of a big H&S model which can be seen good at Weekly frame. On weekly we have also a break of the negative Ichimoku with a target @ 1.3520 where the MA200 passes. We need a weekly close clear above MA200 to target the zone around 1.4000-1.4100 but i doubt this will happen in the next 6 months, but let's wait and see.
GOLD seems has found support close to 1650 and it stops further fall for now. With the EUR correction move lower and dollar firming GOLD may come under pressure again so be careful. GOLD is in a correction mode higher above 1661, fisrt target is 1684 second is 1694. Bullish only on a Daily close above 1705.
SHORT EUR below 1.3430 SL 1.3445 TP 1.3320-30 on break we may go to 1.3280
LONG EUR above 1.3365 SL 1.3350 TP 1.3430 and above
LONG GOLD above 1661 SL 1657 TP 1674 and above
SHORT GOLD below 1655 SL 1661 TP 1645-1635