EUR consolidates again just above the important support 1.1050 after Friday's drop caused by a lot better than expected US NFP. The situation right now is quite difficult to forecast because the chances of going up again or break below 1.1050 are almost equal. Today some data from Germany will be released and the expectations are for worse values than previous, this will prevent the EUR from going up i think. On Thursday US jobless claims will be released and some more economic data for the US on Friday too, but seems that any high volatility we may expect from any news about Greece. Let's take some technical look over the charts now. Below 1.1200 EUR is in a correction move to 1.1050. If we break below the last this correction may turn easy into a downside move to 1.0930 for example. H4, Daily and Weekly indicators are bearish. Upside will be fully restored once above 1.1200
GOLD seems lost desire of making any upside progress and bears gained control over the metal. H4, Daily and Weekly indicators are bearish, only H1 is a bit mixed. We have support at 1168 and resistance 10 dollars above at 1178. Below the first we are bearish and avove the last we are bullish. Bullish move can be fully restored only above 1198. For now the metal is in a consolidation to bearish mode.
NZD moves to the downside too ,like the EUR and the GOLD it suffers a lot from the strong US dollar and indicators are bearish, so i expect another leg lower here. Target to break is 0.7030 if we break this the new target will be 0.6950 and 0.6870. Upside recovery is limited by 0.7140.
AUD is already prepaired for sliding down. Resistance 0.7770 seems unbreakable at the moment, and we have also an intermediate resistance at 0.7710 too. First downside target is 0.7550 followe by 0.7505 and 0.7470
JPY continues to loose price as the dollar attack continues. We are bullish here above 125.00 and nothing can stop the bulls. Currently we are in a consolidation ahead of the next leg higher, once above 125.50 we shall have the signal for a fresh upside attempt. Indicators on H4, Daily and Weekly are bullish.
GBP is calm at the moment of writing the forecast. The pair is in a consolidation after Friday's drop. Indicators are mixed to bearish. On H4 frame the price is pressed by a huge thick negative cloud which prevents going to the upside. So i expect some more downside through the next few days and recovery by the end of the week.
RUB is trying to recover relying on the Daily Senkou Span B price at 56.50. below that we are in a correction mode which will extend to 55.40 and may extend even to 54.00. But we are bullish above 53.70 and nothing will change this through this week.
SHORT EUR below 1.1160 SL1.1175 TP 1.1050-1.1000-1.0950
LONG EUR above 1.1200 SL 1.1185 TP 1.1265-1.1290-1.1325
SHORT GOLD below 1185 SL 1188 TP 1178-1172-1162-1156-1148
LONG GOLD above 1198 SL 1195 TP 1206-1218-1228-1236