Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Dollar's return on Friday, from support area of last October/November low has been quite a jolt for Euro. Yen was able to maintain most of the gains until today and Pound was weaker already. This jolt is likely to push Euro lower against Dollar, we believe.
We have long been, advocating for long Euro, and we still maintain our stance, unless European Central Bank (ECB) breaks ground on March. With such outlook and as our initial target remain reached at 1.125 area, we expect Euro to retrace further against Dollar.
Despite, positive wage growth evidence in non-farm payroll report, we expect US economy to remain down beat due to weakness in global peers and policymakers at FED to be more cautious on the hikes. Dollar has long been due a correction and we expect that the right moment is now closer than ever.
However, biggest risks to our outlook remains from the Euro leg of the pair as European Central Bank (ECB) might derail the fundamentals and push back correction further down the line. Until that point, we would be looking to long Euro at correction around 1.102 area.
Technically speaking, 1.102 area is previous resistance, ceiling of the previous consolidation, which lasted from December to February.
Our expected target areas in medium to long term are 1.1325, 1.157, 1.183, 1.2, on the upside
