EUR under ZEW and FED pressure combined

EUR is in a consolidation mode again before the next slide down. Possible support that will stop the downside is 1.2600 and the final one is around 1.2300 but i doubt we shall reach there soon. There was a large amount of unexpected bad EUR news and it seems the things over the Atlantic are getting a lot better. It is expected the FED to make another stimulus cut from 25 bln to 15 bln. This will push the EUR even lower till the end of this week. Today is expected the Gernamy's ZEW to be a lot worse too.

GOLD situation is also complexed as the 1254 support was broken the metal dropped to 1225. Now we have a little pullback to 1238 where comes the first resistance. First support is 1323, breaking of either will continue in the same direction.

NZD hit the Weekly SMA200 which is also the main weekly support. The USD is quite stronger and seems noone can beat it. We have a support at 0.8140 and if it is not broken the recovery may be restored once above 0.8180.

AUD is rejected powerfully from the Weekly negative Ichimoku, however we are approaching the cloud's end so any Daily close above 0.9200 will restore the upside even more powerfully, until that the downside may reach 0.8920 before any signs of recovery.

JPY is far behind the dollar as the price reached 107.36. It is good to keep in mind that the monthly SMA200 resistance is at 106.50. In fact i must confess that i didn't expeced the price to break 106.50 so easy, but maybe we won't close this month above it. A correction to the downside is much needed, but not before FED's meeting.

GBP has almost hit the Weekly SMA200 at 1.6000, we had a quick pullback and now another downside wave appears. Indicators are extremely bearish and with these Scottish independence problems GBP's future is not so bright. However the only hope for recovery is pure technical and may appear by the end of this year with the end of the negative monthly cloud.

RUB finally gave ups after holding the dollar power for nearly two weeks last month. Now the price is at 38.40, the daily indicators are extremely bullish, but we need also a downside correction at any moment. However i think the market will wait for tomorrow's FED meeting here too.

For today:

SHORT EUR below 1.2950 SL 1.2960 TP 1.2900-1.2885-1.2850-1.2805-1.2765-1.2720-1.2690-1.2660-1.2625-1.2600

LONG EUR above 1.3010 SL 1.2990 TP 1.3055-1.3085-1.3110-1.3140-1.3160-1.3190-1.3205

SHORT GOLD below 1238 SL 1241 TP 1228-1224-1218-1212-1202-1190

LONG GOLD above 1245 SL 1242 TP 1252-1258-1266-1272-1278-1284-1292

Good luck!