EUR is moving in a narrow range ahead of the ECB meeting. Today i expect this process to continue and a test of 1.3840-50 area is possible. However today's economic data is in favor of the dollar and after the US ADP data release today the EUR may loose some ground and test the 1.3730 area. This support area has bounced the price several times and there are a lot buyers there so it is goo to enter LONG around there.
GOLD is inside the positive Ichimoku on Daily and still is trading above the support 1278. Daily close below 1270 will increase the downside so be careful. I think that within the next 10 days the price of the GOLD will recover above 1300 but the necessary condition for this is a continuous Daily close above 1270. Today's support is 1268-1270 and resistance is 1296.
NZD is correcting strongly after spending the last days at 0.8700 level. The price has fallen below 0.8600, next support is at 0.8560 and i expect it to cap the downside. If it is broken too the move will continue to 0.8500 and below. To the upside we have a resistance at 0.8600 and 0.8635
AUD moves in a flat consolidation with 0.9200 support and 0.9300 resistance. I expect that after another test of 1.9200 support the price will turn to the upside again and failing to record a new top will result in a heavy drop in the days ahead.
JPY has continued to loose price against the dollar, however it is time for a correction on H4 with target the support at 103.50, followed by 103.10 and finally 102.80. The pair is bullish above 103.00, so you may enter long again when we reach there.
GBP has stopped at the support 1.6600, next one is at 1.6570 followed by 1.6520. The pair has failed to reach 1.6700 and we need a daily close above to restore the upside, so for now there is a greater possibility of going down again. You may sell below 1.6650 with a 15 pips SL.
SHORT EUR below 1.3825 SL 1.3845 TP 1.3760
LONG EUR above 1.3730 SL 1.3715 TP 1.3800-1.3830
LONG GOLD above 1270 SL 1276 TP 1286-1292-1296
SHORT GOLD below 1285 SL 1288 TP 1271-1265-1260
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