EUR still preserves chances for another upside as the IFO yesterday was better than expected too, but the upside was limited by the better than expected US durable goods orders. However Daily and H1 indicators show upside potential while H4 are mixed and give no information. Level to watch today is again 1.3820, Sell if we have a H4 close below. Upside is limited by 1.3850 again.
GOLD is looking for a direction and has made a quick and unsuccessful test of 1270. Seems it is a good support for now. Resistance comes at 1302 and then at 1316, finally 1331. I think the metal will gain some price today, and will test at least the first resistance.
SHORT EUR below 1.3850 SL 1.3865 TP 1.3820-1.3800-1.3790-1.3765
SHORT EUR below 1.3820 SL 1.3835 TP 1.3790-1.3765-1.3730
LONG EUR above 1.3860 SL 1.3850 TP 1.3885-1.3905
LONG GOLD above 1291 SL 1288 TP 1298-1302
SHORT GOLD below 1282 SL 1286 TP 1272-1268
P.S. update on other currency pairs will be on Monday as i need to collect enough data for analysis. Sometimes i do not post forecast, in these cases it is because my previous forecast is still valid or no significant changes. Feel free to comment here :)