I had warned on Saturday that the FX Indices were aligned for LONG EUR$ and this has proved to be the best advice for this week with the EUR/USD giving the cleanest of moves thus far.

Data: Watch today with the BoJ update, GBP CPI and PPI data and the BoC update.

Earnings:

DXY daily: a new trend line breakout so watch for any push down to 95 S/R:

Trend line breakouts:

EUR/USD 4hr: this bounce up from 1.13 is now at around 100 pips BUT note the Flag breakout. Now watch for any push to the 1.15 level:

Other Markets:

S&P500 4hr: the index is struggling to break the recent High so watch this level for any new make or break:

ASX-200 4hr: watch 6,000 for any new make or break:

Gold 4hr: watch for any new momentum-based trend line breakout:

AUD/USD 4hr: watch 0.70 and for any new momentum-based trend line breakout:

AUD/JPY 4hr: watch 75 and for any new momentum-based trend line breakout:

NZD/USD 4hr: a bit choppy BUT watch for any new momentum-based trend line breakout:

GBP/USD 4hr: also a bit choppy BUT watch 1.26 and for any new momentum-based trend line breakout:

USD/JPY 4hr: watch for any new momentum-based trend line breakout: