EUR has making a slow progress to the upside by going 30-40 pips up per day, so since last Thursday the price has moved up no more than 100 pips. Some analysts are forecasting EUR will drop to 1.2000-1.1800 in long term which means in several months. My model for now doesn't show bearish outlook. We have a strong resistance at 1.3220-30 area and above that the target will be 1.3400. If the resistance area is broken, the pair easily will go to 1.3400, where it will meet the SMA200. Any reversal should happen around there, if SMA200 is also broken, this may destroy the long term bearish outlook. As long as the price is above 1.3190 the pair still maintains the bullish tone. Breaking below 1.3190 may test the 1.3140 and 1.3120 again before next upside attempt. The pair is well supported around 1.3120 so i do not expect any drop below. There weren't any important news yesterday, and today also we won't have any important economic data. On Wednesday and Thursday there will be some important releases which are expected to be in favor of the EUR. If we are not able to close at least one H4 bar above 1.3260 the pair may face some bearish pressure.
GOLD has finally closed the day above 1330, now we have this as support level. May be this is the reversal of which i keep telling you for some time. The price is currently bounced back by the positive Ichimoku on Monthly. So next month i expect the price to reach 1450, and in September to reach 1560. This is my theory on monthly, i do not promise you to happen like that, i olny tell you what my model shows. If we have a fail at 1450 the price may turn south again and this time to attack 1000, breaking below is not impossible too.
LONG EUR above 1.3190 SL 1.3175 TP 1.3220-1.3250-1.3285
SHORT EUR below 1.3170 SL 1.3185 TP 1.3140-1.3120
LONG GOLD above 1327 SL 1322 TP 1366
SHORT GOLD below 1280 SL 1285 TP 1200 and below
P.S.there are small volumes trading on the market seems that summer holidays have started for most of the big players