EUR extended correction to 1.3460, however the support area 1.3450-60 capped the further downside and some buyers appeared and helped the price to bounce some 120 pips up. The pair now consolidates ahead of the ECB meeting on Thursday, mr.Draghi's speech and US jobless claims report. Maybe today the trade will be quiet and locked between 1.3530 and 1.3610. Break of the either will mean continuing in the same direction. No surprises from the ECB expected, so the interest rate will be left unchanged and with some good words for the EUR from mr.Draghi we may look for a new top. If not, then watch for a double top on Weekly which may be the beginning of the bearish reversal with target 1.3300 and below. 1.3740-50 is a serious resistance zone and i doubt it will be broken this month.
GOLD has failed again to overtake 1690 and this is bad, a fail to close the day above 1680 will mean another drop on Thursday.
LONG EUR above 1.3530 SL 1.3520 TP 1.3610 and above
SHORT EUR below 1.3500 SL 1.3515 TP 1.3450-1.3400
LONG GOLD above 1670 SL 1667 TP 1685-1690-1695
SHORT GOLD below 1660 SL 1665 TP 1645-1635