EUR has reached 1.3295 during late american session as through european it dropped to 1.3165 in a false move. That move was mainly created to hit the placed stop losses after better than expected IFO release. Currently the price maintains the high level price, but the techical indicators show that this state is not stable and the price is more likely to return to 1.3230 than going above 1.3300. We have a strong diagonal resistance at 1.3300, progress and close above it will increase bulls' power, but on Friday combined with lack of important news i think that the pair will soon come under selling pressure and partly profit taking. Support is 1.3230 and next support is yesterday's 1.3165. Below that we have the Senkou Span A of the positive Ichimoku cloud placed at 1.3130 area of strong support. Remember that a daily close above 1.3290 will expose 1.3405 for attack early next week.
GOLD has bounced from the support at 1308 and closed above 1330 on dollar weakening.Than level is a good LONG entry point. We are currently just belo the negative Ichimoku and will try to enter it in the days ahead.
SHORT EUR below 1.3310 SL 1.3325 TP 1.3230-1.3165
LONG EUR above 1.3320 SL 1.3300 TP 1.3400
LONG GOLD above 1330 SL 1324 TP 1340-1360
SHORT GOLD below 1300 SL 1306 TP 1280-1240-1200