EUR opened today with a small downside gap but the 1.1290 support stopped the downside move and the price bounced back to 1.1340 resistance. Next resistance comes at 1.1360-1.1380 area and above that the upside will accelerate. Target will be set at 1.1530, but before that 1.1410 and 1.1440 have to be broken too. This week there are few important economic releases and this somehow will help the EUR to recover further to the upside, but i do not expect for now recovery above 1.1600. To the downside a drop below 1.1310 will test 1.1290 again and then 1.1220. If that support is broken this may cause another 100 pips to the downside to 1.1100 or even below.
GOLD failed to break above 1284 last week and as forecasted dropped to support 1222-1228 which is now stopping the downside. I expect this support area to stop the downside this week and to bounce back the price up to 1262-1269. This time breaking above 1276 will be a signal for another upside leg. The price has a good support above 1200 so i do not expect any downside drop to live long.
NZD is trying to progress to the upside above 0.7370, however it is currently captured inside the H4 negative Ichimoku cloud and is still vulnerable to be rejected from the cloud. Breaking below 0.7310 will be a signal for the rejection of the price and downside continuation. To progress to the upside we need first to deal with 0.7390 and then with 0.7430 resistaces. H4 and Daily indicators here show some upside potential at the moment.
AUD was already rejected by the negative H4 Ichimoku cloud and still moves unhappy below it. Today's trade also opened with a downside gap and the price still couldn't recover from it. below 0.7770 we are more bearish. H4 close above that will attack 0.7810 and if broken we are going to test 0.7860-70 area. Upside target for this week will be 0.7960. I think the pair keeps some hidden upside potential and despite any quick downside move the price will progress to the upside this week.
JPY has made a sudden jump higher last Friday after consolidating since 20 January and closed the trade above the H4 SMA200 at 118.60, however the price was capped by the Daily Senkou Span A line which still works as a major daily resistance. Any Daily close above 119.30 will be a signal for restored upside but for now the pair moves pretty calm. Daily indicators are positive and H1 too ,only H4 are mixed at the moment. The pair keeps the upside charge but any fail at 119.30 may cause a sudden drop too.
GBP uses 1.5140 as support however the upside was stopped by the Daily resistance at 1.5360 for two times. I think consolidation will continue between these two for the first 2-3 days of this week and by the end of the week we shall have another upside test of the resistance which may be successful. H4 and Daily indicators are positive.
RUB is consolidating again and is trying to keep the dollar under control. Bulls here have lost some power last week at several attempts to break above 69.70 have failed. The price is supported by 64.30 and a drop below this support will test 62.80 and 61.40. The last one is quite strong and i do not expect for now to be broken if reached. Above 67.70 the pair will try another upside push.
SHORT EUR below 1.1360 SL 1.1370 TP 1.1260-1.1240-1.1190-1.1120
LONG EUR above 1.1410 SL 1.1400 TP 1.1480-1.1510-1.1540-1.1600
LONG GOLD above 1230 SL 1227 TP 1248-1252-1260-1275-1304
SHORT GOLD below 1221 SL 1224 TP 1210-1202-1198 (quite dangerous here)