Gold continues to slowly lose altitude, falling back to the $1080 level this morning. $1040 is critical support for gold, the level where India bought a huge chunk of gold from the IMF, setting off a fresh scramble among central banks to grab all the gold they could.
EUR/USD has just fallen to fresh trend lows at 1.4231 as stops in the 1.4240/50 area were tripped. 1.4200 barriers, if there are any, are the next area of interest. 1.4175/90 is very important support, as noted earlier.Looks like we are getting the typical wave of dollar stregth ahead of the 16:00 fixing.
