Economic Release :  A slew of  Economic Indicators are out from most countries , EMU PPI on Mon, RBA Interest Rate Decision  , EMU Retail Sales and  BOC Interest Rate Decision on Tue  , EMU GDP , ECB Interest Rate Decision and  ECB President Speech  on Wed ,  AUS Unemployment Rate and  Change in Employment ,BOE  Interest Rate Decision  and FED  Chairman on Thu, CAD Unemployment Rate and Net Change in Employment on Fri  are the  most  important data's  for this Week.

                           USD weakness  is expected to come in  this Week and we expect some pullback  , coming to the first trading Week of the Month we believe that EURUSD  closed below the Open but away from  the Lows and holding on to the support , we believe the Bulls  may push  towards 12570/12630/12745/12830  levels before testing the lows and 12325/12290 levels must be protected at all times but if these levels gives way then we may see 12160/12050 before the correction.GBPUSD closed well below the Open but mildly away from  the Lows, we still believe that the Bulls may dominate this Week and  may test 15470/15540/15630/15725 levels before the next significant move down and they must protect 15265-35 levels at all times. USDJPY closed well below  the open but mildly away from the low, we  believe that the downside  may be limited to 7740/7665-00 levels and 7880/7940/8010 levels must be protected at all times .

                           USDCHF closed above the open but  mildly away from the highs may caution this week, we believe that the high may be seen but we remain Cautious ,  we believe we may get a pullback towards 9625/9525 /9455 levels before the next leg up and 9715-75 must be protected at all times. AUDUSD closed below the open but mildly away from the lows, we believe the Bulls  may dominate and  push towards 9805-65/9970/10035 levels and 9660/9580 must be protected at all times.  USDCAD closed  well above the open and near the high, we believe the Bulls may have some strength to test the highs or may be in a range trading until the breakout  and 10325/10265 are the levels needed to be protected at all times.

                           Spot Gold closed well above the open but pulled away from the low for the third Week  in a row , we believe that the Bulls are getting ready for the next major move. We believe the Bulls may push towards the 17000/200 levels and 16000/15925 levels must be protected at all times. NZDUSD closed below the Open but mildly away from  the low  and we believe the Bulls  may push towards 7640/7710-80/7900 levels and 7515/7460 must be protected at all times. USDSGD closed  above the open but mildly away from the high, we believe that Bears  may push towards the 12800/12730/12680  levels and 12975/13025  levels must be protected at all times.

                            We believe we are in favour of the USD Bears for this Week and we chose CHF , AUD, NZD and Spot Gold as the Best crosses  followed by EUR, GBP , SGD as the second best crosses  provided  there are no bad news from Europe for this Week .

                           USDCHF, closed above the open but mildly  away from the high and on the Monthly is below the open.  We are in the assumption that a temporary high has been seen , the Bears must protect 9715-75 levels at all times .The Bears are pushing towards a price target of 9550/9475-35/9325 levels before  the next leg up. The Patterns on the higher time frame, are suggesting more weakness is expected but the Bears have to crack 9625/9565 levels for further gains. The Oscillators and MA have not given a confirmation of a reverse but showing signs of weakness so Cautious approach is needed.  The Patterns on a lower time suggesting that we may experience one more push towards 9715 levels before the Bears gain control again. Our Conclusion is we prefer to be a seller  near 9715-75 levels  if seen or a seller Cautiously at the break 9625 level if the high 9715 level holds.

                           AUDUSD, on the Weekly it has closed  below the Open but  mildly away from the low and on the Monthly must crack 9735 level for more strength . We are in the assumption  that a temporary low may have been seen ,the Bulls are pushing towards a price target of 9900/10035 levels before the next leg down. The Patterns on the higher time frame, are suggesting more strength to be seen  but 9735/9805  levels needed to be cracked for further gains. The Oscillators and MA are still supporting the Bears but showing signs of strength so Cautious approach is needed .  The Patterns on a lower time suggesting  that the Bulls need to protect 9625/9580 levels and crack 9735 for further push higher. Our Conclusion is we prefer to be a buyer  near 9625/9580  levels if seen or a buyer Cautiously at the break 9735 level if the low 9650  is not breached.

                           NZDUSD, on the Weekly it has closed  below the Open but  away from the low and on the Monthly near the Open but away from the low  . We are in the assumption  that a temporary low may have been seen ,the Bulls are pushing towards a price target of 7650/7715-80 levels before the next leg down. The Patterns on the higher time frame, are suggesting more strength to be seen  but 7580  level needed to be cracked for further gains. The Oscillators and MA are still supporting the Bears but showing signs of strength so Cautious approach is needed .  The Patterns on a lower time suggesting  that the Bulls need to protect 7500/7460 levels and crack 7575 for further push higher. Our Conclusion is we prefer to be a buyer  near 7500/7460  levels if seen or a buyer Cautiously at the break 7580 level if the low 7500  is not breached.

                           The Accuracy of the Long Term View may vary from the Weekly Projected Levels, so it is better to Pay attention to the Daily Report for more scrutinized view. Good Luck  and Happy trading for the Week .