In the previous week, the bull manages to push the index up and reach a level near 91.00 for the first time since January breakdown. The index experienced correction after the level reached. Now, we see the bull returned near the blue box area and ready to push the index up again. ECB interest-rate decision this week and U.S job data should provide some volatility for the U.S dollar index. 04.30 AM UK Services PMI, estimate reading of 53.3 10.00 AM U.S ISM Non-Manufacturing PMI, forecast 58.9 10.30 PM Australia Cash Rate, 1.50% For full outlook for this week, you can follow Forex Outlook For The Week 5 – 9 Mar 2018 EUR/USD bounce from 1.2200 might turn into a short-term technical bounce as the pair rejected from top of the blue channel. If EUR/USD closed below 1.2300, then it is expected to move lower toward the bottom of the blue channel. Today critical level to watch: Support: 1.2200, 1.2100 Resistance: 1.2300, 1.2500 GBP/USD has broken below the triangle and 1.3835 support level. There is no bullish reaction seen which means the pair is looking for a downward catalyst. Today service PMI data might become the fuel for next movement. Today critical level to watch: Support:  1.3600 Resistance: 1.3800, 1.3850, 1.4000 No reason for the long position yet in USD/JPY as the pair ready to make new fresh low. We expect the bearish pressure will continue until the pair reaches 103.80 – 104.00. Today critical level to watch: Support: 106.10, 105.50, 105.00 Resistance: 107.00, 107.40, 109.00 Australia interest-rate decision is looming at the end of Monday trading session. The pair broke below the daily SMA 200 which is not a good sign. However, it is neutral situation before the interest-rate decision. Technically, it is the best time to look for a short position with a stop above 0.7875. Today critical level to watch: Support: 0.7750, 0.7690 Resistance: 0.7800, 0.7875

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