Today the "Troika" starts work in Greece as the country is threatened again. Situation in Hungary is pretty dangerous too - seems that Eurozone is going to beak apart and it looks to me like a building after a huge earthquake. It's very dangerous to stay inside. All this pressures EUR and after some 150-200 pips recovery EUR is going to take to the south once again. But the level 1.2640-60 has proved a very strong support and investors are unlikely to go below for now. Because of that i expect some correction to the upside, but i'll avoid entering LONG. Every upside will stop around 1.2860 and only if for some reason we close the day above 1.2910 (which is weird in the current situation) we shall have a chance to go even to 1.3170. Enter SHORT around 1.2850 with 40 pips stop. On daily close below 1.26 we shall target 1.25 and even below. At the end of this month or beginning of the next i'm expecting more serious recovery of the EUR back above 1.30 with some consolidation around 1.30 and then in March another attack of 1.26.
On GOLD watch the 1690 level and enter SHORT around there, placing STOP is a must. It's very possible to touch 1685-90 and to bounce back. Break is also possible so place stops!
Have a nice trade! Any comments and questions are welcomed.