On last Friday EUR was not able to progress above 1.3380 and some of the traders prefered to take their profit. The currency pair reached 1.3310 and closed the day around the support area 1.3320-30. Currently we are still there and as long as the pair trades above 1.3300, the upside is still quite possible. If the price stays above 1.3300 until the american session start , H1 model shows another test of 1.3360-80 is possible. Progress above that will be hard as there is no important news today and tomorrow. I think the market will wait for the FOMC minutes on Wednesday, and until that we shall have a range trade between 1.3280-1.3380. Then prepare for a volatile Thursday. Weekly chart shows good support at 1.3220 and a perfect possibility for testing 1.3450-60, monthly frame also supports that model. Daily indicators point to the upside, and H4 are mixed at the moment of writing.
The Dollar Index is at a resistance, so it is quite possible to bounce the price to the downside again - so this will mean EUR goes to the upside.
Maybe some of you who read everyday my forecasts will remember that i have told you the GOLD will recover to above 1500 by the end of September. I have made this forecast in June, currently seems the model is working as the price moves with high speed along the Senkou Span A of the positive Ichimoku. It is a good news for these who has bought gold around 1300.
LONG EUR above 1.3345 SL 1.3330 TP 1.3380-1.3405-1.3420
SHORT EUR below 1.3280 SL 1.3295 TP 1.3240-1.3220-1.3205-1.3180
LONG GOLD above 1370 SL 1364 TP 1408-1412
SHORT GOLD below 1320 SL 1325 TP 1270
LONG GOLD above 1335 SL 1330 TP 1370-1408