EUR is ready for another upside move, but will it be successful?

EUR has tested both the resistance and the support yesterday, however both tests were not successful, and the market remains in a stand-by mode waiting for the US jobless claims report and Philadelphia FED index later today. I expect for the dollar to gain some price against the EUR and another test of 1.3800 support area. But before that the EUR is ready to make another jump higher as the H1 indicators are bullish, Daily are bullish too and the H4 are also bullish but too close to the zero line and give are not reliable for now. Level to watch is 1.3815, breaking below may target 1.3785, breaking further below is not likely, because we have a solid support there on Daily and a positive Ichimoku which is too wide and is early to break into it.

GOLD continues to move around 1300. The outlook for now is bearish, and the move is expected to continue to 1382-1378-1370. Above 1307 the metal will try to reach 1318-1322 but the upside is limited for now by 1331-1342 strong resistance area.

NZD has failed to stay above 0.8630 after the recent recovery and now the outlook is bearish too, target here is 0.8580-70. More gains to the upside only above 0.8635, but limited at 0.8655 where is the next resistance.

AUD goes to the south with the H4 indicators turning into a downside correction area. Support here is the 0.9330 which is the H4 Senkou Span B price and breaking below will target 0.9260. Upside will be restored on H4 close above 0.9385.

JPY continues the battle with the dollar and still holds the position, but this will change in the next 7-8 days and my model shows another dollar recovery above 103.40, but currently the price is well pressured by 102.40 strong resistance, breaking that higher is the key point.

GBP recorded a fresh high at 1.6836. M30, H1, H4, Daily and Weekly indicators are extremely bullish. In this situation i cannot advice you to enter SHORT. The pair will try to stay above 1.6800 for today, and i think that even if we have some dollar positive news through the american session the price here will be not much influenced and will stay above 1.6800. Next support comes at 1.6780.

For today:

LONG EUR above 1.3820 SL 1.3805 TP 1.3850-1.3880-1.3905

SHORT EUR below 1.3905 SL 1.3920 TP 1.3855-1.3825-1.3800

LONG GOLD above 1308 SL 1304 TP 1317-1322-1328

SHORT GOLD below 1304 SL 1308 TP 1294-1286-1278-1270

Good luck!

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