EUR price bounced from the Daily Senkou Span A price and is currently trading within the support/resistance area 1.3740-1.3765. I expect the EUR to continue its upside progress slowly and to climb along the positive  Ichimoku slope with target between 1.3840 and 1.3870. On a fail there the EUR will drop quite sharp to 1.3500 or even below. Today's support is 1.3735 and resistance is 1.3765 followed by 1.3790 and 1.3840. The important support is at 1.3690-1.3670 area, beaking below will increase the downside pressure over the EUR.

GOLD still holds above 1300 and is trading in a tiny range as expected but we are still below the 1308 resistance and the metal is vulnerable to another drop to 1290 for example. You may try here to enter LONG above 1299 with no more than 2-3 USD SL or to enter LONG above 1290 with the same SL.

NZD has passed clearly 0.8600 resistance which is now a good support area. Current move will target 0.8680 and 0.8700 on a Daily frame. Below 0.8570 a reversal of the upside is expected.

AUD copies the move of the NZD and also has made a clear jump higher and 0.9290 is the support here, the target for today is 0.9310, but failing to close the day above 0.9300 may result in breaking the 0.9290 and to reach 0.9260

JPY has made a quick recovery against the Dollar and the pressure over the dollar is expected to continue with target 102.50-102.40. Going deeper is less likely as we have a negative Ichimoku on Daily which prevents the price from dropping too much. I expect the price here to continue to move inside 102.50-103.10 range.

GBP moves close to 1.6630 resistance. Small range moves here ahead BoE meeting this week and for today i expect moves within 1.6600-1.6630.

For today:

LONG EUR above 1.3760 SL 1.3745 TP 1.3790-1.3820-1.3845

SHORT EUR below 1.3720 SL 1.3735 TP 1.3690-1.3660-1.3630

LONG GOLD above 1299 SL 1296 TP 1307-1312-1318

LONG GOLD above 1290 SL 1287 TP 1300-1305

SHORT GOLD below 1289 SL1292 TP 1278-1270 


Good luck!

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