EUR has made another leg high this morning, supported by Moody's release, and EUR has reached 1.3123 in the beginning of the Asian session. Currently EUR is trading around 1.3090. Support is placed @ 1.3060-70, then around 1.3030-1.3000. But i expect that 1.3060-70 will stop the pullback and a new upside will develop today towards 1.3170 and i doubt that EUR is able to break 1.3170 today. If it does it will be short lived false break, and the price will remain above 1.3100 for the rest of the day. Moves below 1.3000 will take us to 1.2900, but i don't think that will happen today. There is no so important economical data in the calendar for today, so EUR will enter in a consolidation phase pointing to the upside.
GOLD has recovered a little after several days of falling, but this is mainly due to weakening the dollar price. Upside will be restored only if we close the day above 1760, below 1755 new drops are possible. Below 1730, next strong support is 1705. To the upside resistances are 1775 and 1785, then 1800 again.
LONG above 1.3060 SL 1.3030 TP 1.3160-70
if stop is hit enter LONG again at a better price.
GOLD - stay away from the market