EURUSD: EURUSD is now trading below the resistance level of 1.3300, targeting the support level of 1.3250. Furthermore, the fundamental figures coming out today will have an impact on the greenback. The price has already nosedived in what can be rightly called massive sell-off.
USDCHF: This pair was steady to any further bearish pullbacks, following the recent equilibrium phase. The price climbed up, closing above the EMA 56. As soon as the EMA 11 crosses the EMA 56 above, a long trade will be judicious after formation of a Bullish Confirmation Pattern.
GBPUSD: The Cable seems unaffected by the current show of real correlation between EURUSD and USDCHF, though it is in the bearish mode. Since the greenback is strong, the Cable is expected to fall further.
USDJPY: This pair has skyrocketed upwards again after testing the demand level at 97.00. From the aforementioned level, the price moved upwards by more than 120 pips. However, it is prudent to wait for the continued presence of the bulls before going long, because most of JPY pairs are still in bearish mode.
EURJPY: Significant bullish correction in USDJPY took place with consolidation in this cross as a result of the weakness in EUR. The price still looks bearish and it is likely that when a breakout does occur, it will be descending, and then, the price will move towards the demand zone of 129.50.
