EURUSD: Right now, there are mixed signals in the market, the recent bullish scenario has been put in jeopardy. The price has dropped by over 100 pips (from the resistance line of 1.3800). Any movement below the support line at 1.3700 means that the bullish trend is completely over.
USDCHF: ‘Let the EMA 11 cross the EMA 56 to the upside, and let the new bullish outlook be confirmed.’ This is the mantra that befits the current situation in the market. Should the above mantra be fulfilled, which is most probably, then the new bullish bias is established.
GBPUSD: The pair is getting weaker and weaker. The accumulation territory at 1.6000 has been tested once: it stands the chance of being tested again. This is true, especially in the face of the current Bearish Confirmation Pattern in the chart. Should the aforementioned accumulation territory be violated, the price would aim at the next accumulation territory at 1.5950.
USDJPY: The USDJPY is now challenging the price level at 98.50. Should the price level be overcome, the next target on the upside would be the price level at 99.00. Generally, some fundamental figures expected today would affect this pair as well as other markets.
EURJPY: This is a bull market; unless the RSI period 14 goes below level 50, and the price itself closes below the demand zone of 134.00. Without this, it is likely that the price would turn again upwards and go towards the supply zone of 135.50.
