EUR dropped below 1.3500 yesterday and is now approaching a strong support area which is going to stop the downside move and to start a recovery to the upside.This area is between 1.3420 and 1.3450. However if 1.3400 is broken this will lead to another 100 pips drop, but i think this won't happen this month. Since today's opening the EUR shows signs of recovery. The target is 1.3500 and above but the first attempt may not succeed.
GOLD is pretty calm in this situation, hovering above 1300 the metal uses the support of the negative Daily cloud below at 1285. Another test of 1292-95 is possible and if it holds, then another upside will occur with target 1330-1350.
NZD has built a good support at 0.8650 and currently recovers back to the upside. First target is 0.8710 and the second one is 20-30 pips above somewhere close to 0.8740. Above 0.8650 you may enter LONG, exit below 0.8640.
AUD is also long but only above 0.9390, you have to exit LONG below 0.9380. The pair is now at 0.9430, but we may have a pullback to 0.9400 again before next upside attempt so keep this in mind.
JPY continues to keep the dollar below the resistance levels and moves currently into the positive Weekly cloud. Currently there is no interest of trading this pair.
GBP is trading at the support area of 1.7070, this keeps the upside potential alive and you may enter LONG above 1.7110. First support comes at 1.7030 and the next one is at 1.6970. The pair is now in a consolidation mode with a bearish bias.
RUB was unable to stay above the Daily negative clod and now will test the cloud's bottom which is the Senkou Span A price at 34.60. If that is broken the last support will be 34.30 if that is broken too, the upside will reverse to the downside. Try to enter LONG above 34.50 and exit at 34.30.
For today:
LONG EUR above 1.3460 SL 1.3450 TP 1.3475-1.3500-1.3520
LONG EUR above 1.3430 SL 1.3420 TP 1.3475-1.3500-1.3520
SHORT EUR below 1.3475 SL 1.3485 TP 1.3440-1.3410-1.3400
SHORT GOLD below 1314 SL 1317 TP 1302-1295-1292-1288
LONG GOLD above 1285 SL 1283 TP 1295-1302-1308-1312
Good luck!
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