Seems that EUR has found a temporary support around 1.3150, which is a little bit lower than 1.3170 which is the real support. If the price breaks 1.3220 resistance i expect the recovery to extend to 1.3290

Breaking below 1.3150 will lead to 1.3100 or 1.3060. I think it is too early to test 1.3000 anf if we somehow reach 1.3060, the price will bounce up to 1.3260 before next wave down. Long legged doji from Friday suggests that it is possible EUR to enter in recovery mode to 1.3300.

GOLD has stopped at the resistance zone 1585, breaking above 1590 will open the way to recover up to 1620, and fail will mean another drop to 1550.

For today:

LONG EUR above 1.3150 SL 1.3140 TP 1.3220-1.3250-1.3280

LONG EUR above 1.3190 SL 1.3150 TP 1.3260 (for agressive traders only)

SHORT EUR below 1.3140 SL 1.3155 TP 1.3100-1.3080

SHORT GOLD below 1575 SL 1680 TP 1555-1545

LONG GOLD above 1595 SL 1590 TP 1610-1620

Good luck!

Views: 2094

Tags: EUR, GOLD, USD

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