We have closed the day above 1.3360, but seems that is not enough for the EUR to break 1.3400. Reaching the resistance many of the bulls became uncertain and prefered to wait. We have made a triple top at 1.3400. The major news for today will be the German's IFO business climate. If the release is better we may test the 1.3400 again. I doubt whether EUR will gain enough power to go above 1.3410, and that will be consideres as a fail to break the 1.3404 resistance and if the price after unsuccessful attempt to break 1.3400 returns below 1.3330 - then sell for 1.3130. The IFO may be worse that forecasted, and that will only accelerate the downside movement. Of course the consolidation may continue, but with the last day of the week profit taking and the lack of any other EUR positive news, holding the current high price will be hard enough. So my major advice for today is - look for a better price to sell. Currently (at the moment of writing) all indicators point to the upside on H1, H4, Daily and Weekly.
GOLD has stopped free fall but just for now, after some recovery the fall will contine, daily indicators point to the downside.
SHORT EUR below 1.3410 SL 1.3420 TP 1.3330-1.3250-1.3170-1.3130
SHORT EUR below 1.3320 SL 1.3340 TP 1.3250-1.3170-1.3130 and below
LONG EUR above 1.3360 SL 1.3350 TP 1.3404 and above
SHORT GOLD below 1681 SL 1685 TP 1646 and below
LONG GOLD only above 1690 SL 1687 TP 1700 and above