EUR/USD & GOLD forecast 22.01.2013
EUR remained in a very narrow range yesterday as noone wants to risk anything and prefered to wait for Martin Luter's day to pass as the markets in the USA were closed. Today with the Asia open EUR started climbing reaching my first long target from yesterday and heading for the next. Today's ZEW in Germany is expected to be better than the previous and market is encouraged to take more risk. Any ZEW value below expectation may cause EUR drop, so place stop loss and trail stops to guarantee your profit.
GOLD also waits for the best moment to explode higher, if you have entered long, keep it unless the price is above 1680.
For today:
LONG EUR above 1.3320, SL 1.3305, TP 1.3360-1.3390-1.3405 and above to 1.3450 if 1.3405 is broken.
SHORT EUR below 1.3485 (if reached) SL 1.3490 TP 1.3405-1.3380
SHORT EUR below 1.3300 SL 1.3320 TP 1.3250 - 1.3210 - 1.3170
LONG GOLD above 1689 SL 1685 TP above 1695
SHORT GOLD below 1675 SL 1680 TP 1665-1650 and below
Good luck!
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Comment by Vladimir Mihaylov on January 22, 2013 at 6:58am -
First LONG EUR target reached
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Comment by mian nadeem on January 22, 2013 at 7:56am -
thnaks
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Comment by Vladimir Mihaylov on January 22, 2013 at 9:27am
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Rumors that a big German bank has serious problems caused the recent EUR drop, it's probably Deutche Bank.
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Comment by pixta on January 22, 2013 at 9:29am -
Market talk that ECB's Weidmann may resign... not DB problems
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Comment by pixta on January 22, 2013 at 9:30am
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German financial watchdog Bafin has asked two banks to simulate a split according to the Liikanen model with results expected this summer, Boersenzeitung reports...
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Comment by Hammad on January 22, 2013 at 9:30am -
vladimir what now??? is there any chance for going long again??? as ZEW data is remaining???
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Comment by Peter jcp on January 22, 2013 at 9:30am -
Yes Deutsche are the largest forex player - so hope they are not in trouble ?
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Comment by Vladimir Mihaylov on January 22, 2013 at 9:41am
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We are bullish as long as the price is above 1.3250, below it is better to exit longs. If there are really serious problems with the biggest german bank eur will go below 1.3000 in no time
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Comment by Hammad on January 22, 2013 at 9:45am
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daily fx team reported that these all were rumors...ECB's Mr.Weidmann has'nt resigned yet.
Vladimir is there a chance to buy at current price??
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Comment by Vladimir Mihaylov on January 22, 2013 at 9:59am
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i have bought at 1.3280
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