There are minor retracements on popular pairs, though the major biases are still valid. It is expected that the fundamental figures to be released today would have a great impact on the markets.
EURUSD: Having dropped by over 110 pips this week, the EURUSD is in a vivid bearish mode. The price is hovering below the market line of 1.2900, and the target at 1.2800 is not a lofty ambition, for this week or next week. Any short-term bullish rally should not take the price above the market line of 1.2900.