EUR may hit back to 1.30 before dropping bellow 1.25 and even bellow 1.15.
prices are too low. And this is not good for ECB President Mario Draghi who's willing to import by devaluating the value of EUR against USD.
But are also in a down trend because of many reason and among them, USA's very bright energy policy. With ShellGas, USA is important less and less, to the contrary, the country is exporting. This export is good for USA, because the price reamin low, USA do not need to import and it is to the benefit of the tradebalance of the USA. But also geostrategically, USA is keeping the price of low so that Russia and IRAN cannot profit from a high price of in order to finance their acitvities.
So if Draghi wants to import , he needs to lower the exchange rate of EUR against USd bellow 1.15. Will he be able to do so, that is an issue that we do not know yet.
As far as XAUUSd is concern, with low EUR against USD and if FED is not raising the interest rate, GOLD may go well bellow 1180 towards 1060 or even lower.