EUR has dropped in early Asia to 1.2890 and is currently trading @ 1.2910. Still no financial help request from Spain, and with the far more good US data, there is no other way for the EUR. For today i expect EUR fall to continue - first support is 1.2850, second is 1.2800, but we may witness prices below 1.2800 if not today than tomorrow. Spain will request help next week, and be prepaired for a huge upside move at the end of October and beginning of november. Some analysts say we shall reach 1.35, but i'm not so sure. I think the maximum will be between 1.33 and 1.34 from where a new downside will develop. My model tells me that we won't fall below 1.2770 if reached, so use levels between 1.2770 - 1.2820 to enter LONG with Sl below 1.2770.
GOLD is sold heavily this morning and fall below 1753 which was the very important support of which i've told you in my recent forecasts. Now the correction becomes deeper with first support 1730, but we may go to 1700 as well. Remember that overtaking 1800 will be very hard and if happens one day it shall open the way to 2000.
For today :
SHORT EUR below 1.2930 SL 1.2950 TP 1.2830
LONG EUR above 1.2770- 1.2810 SL 1.2760 TP 1.2960
LONG GOLD above 1730 SL 1725 TP 1750 and above