The market response to the messages sent by the Fed is quite clear. The 200-days moving average of 1.30 acts as a resistance and now attack to the neck line of 1.2780
When gold will reach 1280 then I will look at where AudUsd is and I will decide whether to go long. I do not think the bear market of gold is over yet.
I believe that, at this point, May 22nd will be a decisive date for EurUsd. On that date, Bernanke will speak on the state of the economy and the minutes of the Fed will be published.
The last short signal on EURUSD was below 1.2930 now the attack to the neck line of 1.2770. If the month of May will close below this level, we will have a monthly bearish engulfing pattern.
Rates are rising too quickly in Japan, and I think that the Bank of Japan will slow down the devaluation of Jpy. Short of EurJpy at 132, I think it's a good trade at the moment.