EUR still consolidates at the top levels but the hope of the bulls slowly fades away as the price is too far from the Ichimoku cloud and gains weigth with every hour. The correction cannot be avoided, but somewhere around 1.3505-10 we have a good support which was tested yesterday and capped the downside. I am expecting another test today and bounce to the upside from there. Despite today is Friday it is more likely to close above 1.3500 and the mass provit taking to be delayed for the beginning of the next week. There are no so important economic news from EU nor from USA, so breaking above Wednesday's top is less possible and if there is any you may try going SHORT from there for 1.3250 for example. Most possible scenario for today is test of 1.3105-10 then bounce to 1.3560-70 and daily close in the middle of this range. If 1.3500 is broken on H1 at least we may witness 1.3240-50 very quickly.
GOLD moves in a 10 USD range and today this will continue too. As long as the metal i above 1352 further upside is quite possible, below 1340 you may expect a reverse of the bullish wave.
watch for breaking 1.3505 support !!!
LONG EUR above 1.3510 SL 1.3495 TP 1.3560-70-85
SHORT EUR below 1.3500 SL 1.3515 TP 1.3450-1.3420
LONG GOLD above 1352 SL 1347 TP 1370-85
SHORT GOLD below 1340 SL 1346 TP 1300-1280