Second day of consolidation passed with quiet trading and slightly bullish as forecasted. My first LONG EUR target has been reached, and my first LONG GOLD target has been reached too. One thing to remember is that when you go some 15-20 pips + on EUR you have to move your SL at your entry point, so if a reverse happens to eliminate any loss. On gold move SL when you are some 6-7 USD ahead.
Now to the EUR again, after some consolidation EUR has opened the day with bullish moves, it is expected the bullish to continue in the next few hours, then EUR risks a drop to 1.3090 and even below, so be careful when going LONG. I still think that we need a retracement to 1.3250 before attacking 1.3000 level. Currently we are only 150 pips above and that will be not enough to break so important support. If we have a drop now it will reach no more than 1.2950 and we shall have a quick pullback above 1.3000.
So now we are going to look for a better price to sell EUR, and better prices are around 1.3230-50 where we shall face a strong resistance area. On extremely strong impulse we may reach even 1.3280-90, but i don't think it has a great possibility for this.
GOLD has made and upside attempt, but i have warned you in my yesterday's forecast that for restoring the upside there is a long way to go, and any upmove will be just a correction move. So after reaching 1620, the price quickly pulled back to below 1600, where it currently trades. As long as we are above 1585 we may try going long, below 1580 better exit any long-s.
Big moves today are expected with the american session opening, so if we go higher until then ususally 1 hour before american open will start profit taking and pullback, you may use it for scalping too :)
LONG EUR above 1.3136 SL 1.3120 TP 1.3230-1.3250-1.3280
SHORT EUR below 1.3080 SL 1.3095 TP 1.3030-1.3000-1.2980
LONG EUR above 1.2960 SL 1.2945 TP 1.3030-1.3090-1.3120
LONG GOLD above 1585 SL 1580 TP 1612-1620-1630
SHORT GOLD below 1577 SL 1585 TP 1562-1550