EUR spent yesterday in a stand-by mode with relaxing moves within 20 pips up and down around 1.3100.
In the late american session EUR dropped to 1.3055 and is currently trading a little bit above this. Lack of the important news to support the EUR is making it fall down, and this process may continue today also. There is some data that is possible to support the EUR recovery with the beginning of the european session, but the focus is at the EU summit where nothing interesting happens, which worries the market. Today is quite possible the same to present. EUR targets the support zones, and they are too many, i'll tell you about them now. First support to face the EUR is 1.3040, then 1.3000-1.3015, then 1.2975, and below 1.2930-50, fibo level is @ 1.2905. Also @ 1.2905 passes a diagonal support line so there support is a super strong one and it will stop any downside (except if Merkel says Greece is leaving the eurozone).
About the resistances - they are 1.3090, 1.3130-40,1.3170 and 1.3250-60
As forecasted yesterday GOLD went SHORT after reaching 1753 and is currently trading @ 1737 and next target will be 1705 - too bad, but let's see what will happen.
SHORT EUR below 1.3100 SL 1.3130 TP 1.3040, 1.3010, 1.2980
LONG EUR above 1.3140 SL 1.3110 TP 1.3240
SHORT GOLD below 1750 SL 1756 TP 1725, 1715, 1705