EUR/USD: Here, the outlook remains bearish – though the price is currently consolidating. The price may go below the support line at 1.1750; in case the expectation fails, a strong rally may begin from here.
USD/CHF: This currency trading instrument remains bullish. The price is above the EMA 11, which in turn is above the EMA 56. The RSI period 14 is above the level 50, meaning bulls still have the control in the market. With the Bullish Confirmation Pattern on the chart, the price may be able to settle above the resistance level at 1.0200.
GBP/USD: The Cable has been making visible efforts to go bullish since last week. After testing the accumulation territory at 1.5050, the price has gone upwards by roughly 200 pips. A break above the distribution territory 1.5300 would mean the beginning of a new bullish signal.
USD/JPY: The USD/JPY pair is bearish in outlook, in spite of the current short-term rally on it. This may be another opportunity to sell short at a better price. Moreover, some fundamental figures are expected today and they would have impact on the markets.
EUR/JPY: After testing the demand zone at 137.00, the EUR/JPY pair experienced an upward bounce, enabling it to go near the supply level at 138.50. The bearish bias is still very much intact, and the price could still move further south; unless it breaches the supply zone at 139.50 to the upside.
