Preliminary Outlook for the Week ahead

based on Commitment of Retail Traders Positioning, this is what the week ahead could be like...
expect a little surprise.

Aussie - Very Bullish
Euro - Very Bearish (Take Note** Retail Traders are massively Long)
Canadian $ - Very Bullish
Sterling - Bullish
Swiss Franc - Flat
Japanese Yen - Slightly Bullish

Long Term / Mid Term Outlook
What's worth mentioning though is that, the Retail Traders have switched to Long Euro over the past few days, which in my books, is a Bearish signal.
I still expect a test of Long Term Support (close to 1.20) before Bulls take control for a correction towards 1.30/1.40)
(see early 11th August Eur/Usd Chart in previous post, titled, Euro... Bull is approaching)
http://fxwavetrader.blogspot.sg/2012/08/euro-bull-is-approaching.html