EUR has dropped heavily on ECB fears that its high price will badly influence the targeted inflation level, combined with bad economic data for both Germany and Eurozone. On the other hand US jobless claims were less than previous and forecasted too. Today more EUR downside is expected. There was a little pullback as i have forecasted later yesterday for now it reached 1.3374. Hourly indicators have almost turned negative already. H4 are negative and point to the downside with possible pullback to 1.3380, currently the EUR is at 1.3350 where is the MA200 on H4. Breaking below yesterday's low will take us down to 1.3290 - a minor support and more to 1.3250 - which is a very important for the bullish trend. Breaking below 1.3250 will be too early this week and i do not think it will happen the first time. If we reach it buyers will take the price back above 1.3290 where i think this week will be closed. On Monday expect more recovery to the upside. It is no important how much will drop today, we need at least 3-4 days more to say that EUR has finished the uptrend.
GOLD has almost completed my yesterday's SHORT forecast and approaching the 1626 which is the low from 04 january this year. GOLD is still heavily selling, and i do not see to enter in recovery today too.
SHORT EUR below 1.3390 SL 1.3410 TP 1.3290-1.3250
LONG EUR only on H4 close above 1.3530
SHORT GOLD below 1648 SL1653 TP 1626 and below
LONG GOLD above 1648 SL 1645 TP 1656 and above
P.S. Please do not copy and paste prices above in your trading platform. Noone in the world cannot guarantee you the exact price to enter and exit. I am trying to be as exact as possible but it's is your decision to enter or exit. I am giving SL of about 20 pips average but if you wish may use 10 or 40 it is your decision. My advice is to use no more than 40 pips SL for EUR and 7 USD for GOLD.