EUR/USD: The trend on the EUR/USD is still bearish, for the EMA 11 is below the EMA 56, and the Williams’ Percent Range is not far from the oversold area (though it looks like it is heading upwards). Short trades are still more preferable here. The price may reach the support line at 1.3300.
USD/CHF: The bias on the market is still bullish (and it is expected to continue). The EMA 11 is above the EMA 56, and the Williams’ Percent Range is almost moving into the overbought territory. It may not be difficult for the price to reach the resistance level at 0.9300.
GBP/USD: Yes, only short trades should also be sought here, because the cable has no stamina right now. The EMA 11 is below the EMA 56, and the RSI period 14 is below the 50 level. The Cable could reach the accumulation territory at 1.5400.
USD/JPY: The long-term bias here is bullish, and therefore the buy-on-pullback strategy ought to be used. The price is currently above the EMA 56 and the RSI period 14 is above the 50 level. The market could break the price level at 94.00 to the upside, and head towards the supply level at 94.50.
EUR/JPY: It was once said that one should wait for a clearer signal before one opens a new order on this cross. As it turned out, the market development on Monday panned out in favor of the bulls (the overall trend). The signal is now a confirmed buy.
