EUR jumped higher yesterday reaching the resistance 1.3450, then pullbacked some 30 pips to 1.3420 and is currently trading around that level. I think EUR is overestimated, and the prices at the moment do not reflect the situation in EU area. The current price jump is mostly influenced by the bad data from the US than good data from the EU. In this relation it is most important what FOMC will do in September. If they start to limit the stimulus program, then dollar will become very attractive for the market players, if not then i expect EUR to reach 1.3710 and even 1.4000. As the pair is strongly bullish ahead of FOMC minutes, the target is set to 1.3500 and 1.3540. Any of these two can reverse the pair, and is quite possible to close the week below 1.3400.
GOLD has stabilized between the support 1352 and resistance 1380, currently trading around the resistance. Uncertainty moves the price high, but any FOMC limit over the stimulus program will reverse the GOLD price. First support comes at 1350 then 1300 and then 1270. To the upside resistance at 1395 - 1415 -1460.
LONG EUR above 1.3420 SL 1.3405 TP 1.3450-1.3485-1.3510-1.3540
SHORT EUR below 1.3540 SL 1.3560 TP 1.3450-1.3405
SHORT below 1.3510 SL 1.3530 TP 1.3450-1.3420-1.3405-1.3380-1.3330
LONG GOLD above 1360 SL 1354 TP 1385-1395-1410-1440
SHORT GOLD below 1345 SL 1352 TP 1332-1320-1302