EUR has finally escaped the price trap and turned south as expected. Seems that the news from the USA influenced the market stronger than these from Germany. Today GDP values for Germany will be released and Producer price index for the US, to the outlook will be the same as yesterday - rising first and then sell. Currently EUR is trading below the resistance area of 1.3270-80. To restore the upside we need a H4 close above 1.3320 which i think will be hard. Today's target will be 1.3175-85 area. We have the rising channel border there and it is expected to hold at least one breaking attempt. The stronger and final support is the area 1.3060-1.3105. On Weekly we are facing the Senkou Span A of the positive Ichimoku at 1.3175 which will propably reject the further downside. H4 Dollar Index is facing also the resistance of Senkou Span A of the negative cloud, and there is a possibility of rejecting and EUR recovery to the upside so trade carefully today and place SL.
GOLD still hasn't enough power to close the day well above the Ichimoku and continues to move inside, but the end of that cloud is near and the price will turn to the upside. For now the price maintains the bullish outlook as the metal trades above 1308. Downside will be restored only below 1260.
SHORT EUR below 1.3280 SL 1.3305 TP 1.3205-1.3180
LONG EUR above 1.3330 SL 1.3310 TP 1.3390-1.3420
LONG GOLD above 1310 SL 1305 TP 1340-1370
SHORT GOLD below 1300 SL 1305 TP 1280-1260 and below