EUR has totally fell asleep for almost a week. There are extremely low movements in 20-30 pips range which have made techincal indicators run flat. The pair finds buyers around 1.3330-40 but the power is not enough to break the 1.3400 resistance so the pair is locked within 1.3340-1.3390 range. This state seems to continue for the next 2-3 days at least, maybe more. EUR will not make significant moves before September, so you'd better sit back and relax. This was the main reason for not posting any forecasts these days. As you can see, there is nothing to be forecasted. It is quite possible in the days ahead EUR to drop, because it is clear that we cannot progress to the upside without a serious reason. This reason may only be given by the ECB or FED, and unless we have news from these two, nothing interesting will happen. The first target will be 1.3220 but for this we need to close H4 below 1.3290.
GOLD continues to progress to the upside reaching 1400 and trying to form a base support there. Metal is supported at 1375 so above that further gains are possible. However with the continuing summer low volumes the price moves in a tiny range every day.
Dollar Index is at resisrance area on H4, but indicators show upside potential, Daily indicators show move upside is ahead in this relation i expect that EUR drop is coming soon.
SHORT EUR below 1.3380 SL 1.3395 TP 1.3330-1.3295-1.3260-1.3240-1.3220-1.3205
LONG EUR above 1.3410 SL 1.3395 TP 1.3445-1.3465-1.3490
LONG GOLD above 1375 SL 1370 TP 1415-1426-1440
SHORT GOLD below 1368 SL 1375 TP 1338-1318