EUR failed to overtake 1.3030 yesterday and reversed back during the American session reaching 1.2930. Currently it's trading around this level but is ready to test 1.2830-40 area. I hope that you hold your SHORT positions from my yesterday's forecast, but if not you may enter SHORT below 1.2990 for 1.2840. We have very strong support around 1.2840 so every downside move will be stopped ahead of 1.2820-30. We may end the week there as the EUR will remain under heavy downside pressure, because of the speculations that ECB may cut the interest rate this time. If this happens we shall go to 1.26 in no time and maybe below that. The euro positive news is that Greece won't leave the eurozone as Merkel spent some money of european taxpayers in a desperate try to save the EUR, next is Spain, and if Italy follows then Merkel should pray to the GOD to help, but i doubt if this will help too.
GOLD has made a swing up and now gathered enough energy to break the 1700 so my forecast there is the same.
For today: EUR & GOLD still negative :(
SHORT EUR below 1.2990 SL 1.3020 TP 1.2850-40-30
My advice is DO NOT ENTER LONG until above 1.3050, you may enter LONG if we reach 1.2800-1.2770 area, because it's a buy limit zone.
SHORT GOLD below 1715 SL 1722 TP 1686