EUR dropped again below the main support 1.0800 and reversed the bullish recovery to bearish continuation. Currently indicators on all time frames are bearish and i expect the downside to continue soon. Breaking below 1.0550 will signal that the pair starts a fresh move to the downside with target 1.0460 and then 1.0420. We have now a strong resistance area at 1.0790-1.0800. Only a Daily close above will reverse the bearish outlook. As long as we are below 1.0650 you may open SHORT positions. Do not allow more than 15 pips SL. Tomorrow US retail sales are expected to be better than previous and this should press the EUR price to the downside more. The next day is the ECB's meeting and mr.Draghi's speech with some more volatility expected. If the pair is unable to break above 1.0800 then it will continue to drop till the end of this week. On thursday the main events will be US jobless claims and Philadelphia's FED index. The week will end with the US CPI on Friday which is also expected to be better than previous.
GOLD has stopped moving to the upside as the road seemed blocked by the Senkou Span A price of the daily negative cloud. However the price is still above the support 1202, which somehow preserves any chances of possible entering into the cloud. Breaking below the second support at 1193 will result in restoring the downside again with target 1183 and 1162.
NZD still couldn't escape from the Daily negative cloud. The pair has found support at 0.7440, and you should wait here to see if the pair will continue and break below that support or will stabilize the price. Upside here may be restored only above 0.7530, until that sideways consolidation will present.
AUD opened the week with a downside move. The price has broken the 0.7630 support and now is below the 0.7600 level with first target 0.7570 and second one at 0.7510. Moves back to 0.7615 may occur but i think they will be used to open some fresh SHORT positions. Level 0.7640 is the reversal point, below this level we are bearish and above it we may expect some more recovery to the upside.
JPY is losing price again and seems failed to keep the dollar below 120.00. Now the road to 122.00 is opened again and it is just a matter of time to start the upside wave. The price is well supported by the area 119.60-119.80 and noly a Daily close below will destroy the bullish outlook here.
GBP dropped almost 300 pips after a long period of continuous fails at 1.4990. This week a lot of economic data is expected to be released from the island and all that data is expected to be negative for the pound. Indicators on all time frames are extremely bearish and i expect the downside to continue too.
RUB has entered in a sideways trade as the price is locked in the range 50.00-54.60. I expect this consolidation to continue for the whole week, of course if some extraordinary thing happens that will destroy the future consolidation outlook. Sell below 52.00 and buy above 53.00 it is simple. Dollar news will move this pair this week.
SHORT EUR below 1.0680 SL 1.0690 TP 1.0550-1.0510-1.0460-1.0420
LONG EUR above 1.0820 SL 1.0810 TP 1.0880-1.0930-1.0990-1.1040-1.1085
SHORT GOLD below 1192 SL 1195 TP 1184-1176-1165-1154
LONG GOLD above 1208 SL 1205 TP 1218-1226-1232-1248