EUR has lost 1.1000 support last week and then dropped for another 500 pips. So we are now another step closer to parity. The pair is bearish on all time frames except H1, where it is trying to consolidate and to build support around 1.0500. It will be difficult today, but tomorrow we have the ZEW data from Germany and if it is better as expected this may help the EUR to clumb up to 1.0650 and 1.0690. but for now we remain bearish with support 1.0460. However the recovery can be quite short lived as we have the FOMC rate decision and mrs.Yellen speech on Wednesday, so be careful because it will cause high volatility, but i doubt to change the main direction of the pair. Week ends with the jobless claims report on Thursday and Germany's PPI on Friday and my forecast is to end the week around 1.0600-1.0650.

GOLD is bearish on Weekly and Daily frames, but starts recovery on H4 and H1. It won't be an easy task as we have strong resistances at 1165 and 1171, and finally thick H4 Ichimoku cloud at 1178, so the main outlook is range trade to bearish. Only a break above 1190 may cause a sudden jump to test the 1224 resistance. Reversal point is at 1242 which is far above for now. For now limited recovery is possible above 1154.

NZD is bearish on Weekly and Daily, and mixed on smaller frames. Currently it is blocked by the H4 resistance area between 0.7365-0.7390. Above it the pair will try to attack 0.7430 but with no support we may have a pullback into the H4 Ichimoku cloud to 0.7340-50 again. For now the pair is bearish below 0.7350. First support is 0.7325 followed by 0.7220.

AUD is bearish too on Weekly and Daily pretty much similar to NZD. Recovery will gain much power only above 0.7700, but below 0.7660 the pair is bearish. Reversal point is 0.7790, but before testing it we have to deal with two more resistances at 0.7700 and at 0.7775. First support is 0.7610 and second one is 0.7570.

JPY for now keeps the dollar from jumping too much while we are slowly approaching the H4 Senkou Span A price level which may be used as a support to start a fresh upside on Wednesday. Above 121.50 the pair will restore the upside movement and target will be set on 122.20. If 121.00 is broken to the downside then next support will be 120.35 and 119.75.

GBP has broken another important support level at 1.4840. Currently the price is at the 1.4750 support but below 1.4740 downside will be restored once again. GBP is bearish on all time frames above H1 and economic data from the island is not optimistic, so it is quite possible this week the GBP's slide down to continue further, until some bad dollar news are released.

RUB steps back again and seems the pair prepaires for a new jump higher. First signal is the return back above Dailu Senkou Span B price at 62.10. It is good to know that above 61.70 the chances for the fresh upside move are still preserved. First resistance is 63.70-64.00 and then 66.00, above the last we are free to fly in space. Any drop below 61.00 will test 60.00 again and even below.

For today:

SHORT EUR below 1.0550 SL 1.0565 TP 1.0475-1.0450-1.0425-1.0390-1.0330

LONG EUR above 1.0575 SL 1.0560 TP 1.0635-1.0660-1.0690-1.0710-1.0770

LONG GOLD above 1154 SL 1151 TP 1171-1177-1188-1201-1208-1218

SHORT GOLD below 1148 SL 1151 TP 1141-1132-1127-1120-1110

Good luck!

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