EUR has reached all my 3 targets for the long forecast scenario from yesterday, bulls have gained power again and pushed the price in the sky. All charts are bullish and do not give any signs of reverse. This means that a new top is going to be made. The question is how long this would continue and what price will be reached. We are currently above MA200, and any weekly close above will open the way for 1.40- 1.41, but i think that even the current price is too high and soon the baloon will explode  with the sharp price fall down to 1.3170 at least. For today target is 1.3626, if not reached a pullback may occur to 1.3480.

GOLD has broken 1670 following the rising EUR price and now the next target wll be a Daily close above 1686, this may start a  GOLD rally with targets above 1700. Go SHORT below 1665.

For today:

LONG EUR above 1.3555 SL 1.3540 TP 1.3620

SHORT EUR below 1.3630 SL 1.3640 TP 1.3550-60

LONG GOLD above 1686 SL 1680 TP 1696-1700 and above

SHORT GOLD below 1665 SL 1670 TP 1646 and below

Good luck!

Views: 2137

Tags: EUR, GOLD, USD

Comment by Kevin Henry Ostermey on January 31, 2013 at 6:57am

Morning Vladimir, Good forecast. My long on EURO/USD has just activated and sure the target of $1.3620 is achievable. Your valuable input on this forum is valued and appreciated, Kind regards, Kevin

Comment by FxBear on January 31, 2013 at 8:34am

Its good 8K:) after that eu should fly to 3610 area :) its all good with eu ( new safe heaven) :)

Comment by Vladimir Mihaylov on February 1, 2013 at 5:47am

@ Peter jsp - no, my SL was hit but i have re-entered when the price went above 1.3560 again and finally target was reached :)

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