The bullish streak of U.S dollar index extend to the seventh day and reached the 97.50 resistance. It could be time for the index to start consolidation or pullback before the next movement. The blow on China trade data set the market on risk-aversion mode as the export slump sharply. Not much change in U.S dollar index yet today. If today U.S job data show a severe decline then we could expect U.S dollar index continue further upside. 08.30 AM U.S Non-Farm Employment Change, estimate 180k Unemployment Rate, forecast 3.9% 10.00 PM Fed Chair Powell Speaks For full outlook for this week, you can follow Forex Outlook For The Week 4-8 March 2019 EUR/USD tumbled below 1.1300 and reach the bottom of the channel in one swoop. It is an extreme bearish situation after ECB sounded dovish and ready to restart the stimulus-driven policy. Currently, the pair attempting to bounce from the bottom of the channel. We think the bearish pressure has not ended yet and the pair could fall further lower. Today critical levels to watch: Support: 1.1200 Resistance: 1.1300, 1.1360, 1.1400 The pair manage to maintain the level above 1.3125 for two days. But, the bear proved to be strong and GBP/USD closed below 1.3125 yesterday. The close happens near the daily SMA 200 and today the bear followed through by pushing the pair lower. Traders could wait for the pair reach SMA 200 and form bullish pattern before placing long positions. Today Critical level to watch: Support: 1.3000, 1.2800, 1.2625 Resistance: 1.3125, 1.3250, 1.3300, 1.3330 The pair finally dropped from 112.00 resistance after stick near it for several days. No conclusion yet at the current time, the pair could reverse anytime and close the week above SMA 200. However, a close below SMA 200 might be the sign USD/JPY ready for a further correction. Today critical levels to watch: Support: 111.00, 110.50, 110.00 Resistance: 112.00 There is nothing to do yet in AUD/USD as the pair dropped below the blue trendline and hovering near the bottom of the red channel. It is traded downside and soon will hit 0.7000. Where will AUD/USD move next? Will it bounce and head to the black trendline and resume its bearish trend? Today critical levels to watch: Support: 0.7000 Resistance: 0.7080, 0.7160, 0.7200

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