After yesterday's 'tennis' day EUR has finally stabilized above 1.3600 level and still preserves chances to break higher the and to return inside the 'triangle'. However for this the necessary condition is to close the day above 1.3630. If this doesn't happen today, then we may assume that the trend reversal has started and that next target will be around 1.3500 and below. During the Asian session EUR price moves are extremely small so uncertainty continues. I am still confused and cannot determine the direction of the currency for today, but i will mark the support and resistance levels. Immediate support is 1.3610 it holds for several hours since yesterday's close and M30 shows the price is now above that. First resistance comes at 1.3625-30 and this is quite important for today. On breaking up higher the move will continue to 1.3670-90 and then will try to close the day and the week above 1.3630. If we have a fail at 1.3630 then a reverse will take place and the price will target 1.3555 and below. The bad thing is that we have a huge battlefield for today which was set yesterday and this is between 1.3580 and 1.3640, sideways movements will present inside, use 'hit and run' here.
GOLD has succeeded in staying above 1240 and seems ready to make another attempt to test 1252-54 resistance. Exit LONG below 1235, and below 1218 enter SHORT.
LONG EUR above 1.3630 SL 1.3615 TP 1.3670-1.3690-1.3720
SHORT EUR below 1.3605 SL 1.3620 TP 1.3575-1.3555-1.3535-1.3505-1.3490
LONG GOLD above 1241 SL 1236 TP 1250-1260
SHORT GOLD below 1235 SL 1240 TP 1222-1215-1200-1192
P.S.These days i am experimenting with some new pairs like GBP/USD, AUD/USD, NZD/USD and USD/JPY, for now still adjusting the model as these pairs have different behaviors from the EUR. When the model starts to give acceptable results i will post them here :)