EURUSD is still in a three-wave recovery as part of a corrective wave iv), that can look for resistance and a bearish turn around the Fibonacci ratio of 38.2 or 50.0, and near the upper corrective channel line. Also former swing high at 1.128 can react as resistance for the pair. That being said, if we expect strong USD (EURUSD goes lower), then this would also have an impact on GOLD prices, where we see price already dropping from the 1303 swing high, where a bigger A-B-C correction may have ended its recovery. In such case, be aware of a bearish reversal, in minimum three legs on metals.
EURUSD, 1h
GOLD, 30Min
