EUR/USD: The bias on the EUR/USD remains bearish, and the market is now very close to the support line at 1.0700. There is a Bearish Confirmation Pattern in the chart, which means that bears may continue pushing price lower and lower, until the support lines at 1.0700, 1.0650 and 1.0600 are breached to the downside.
USD/CHF: The USD/CHF was able to break the psychological level at 1.0000, staying slightly above it. The EMA 11 is above the EMA 56, and the Williams' % Ranger period 20 is in the overbought region; and as it was forecasted last week, the price might go on to test the resistance level at 1.0100. However, failure to do this may result in a pullback.
GBP/USD: The Cable has been able to continue the bearish correction it started at the beginning of this week. A movement of about 200 pips to the downside would put the short-term bullish bias in jeopardy and strengthen the long-term bearish bias. What would happen today or tomorrow would determine the situation on the market.
USD/JPY: The USD/JPY has continued going further and further upwards. Since November 9, price has gone upwards by almost 800 pips, from the low of that day. Price is now above the demand level at 109.00, going towards the supply level at 109.50 and 110.00.
EUR/JPY: This currency cross appears to be making more predicable bullish movement when compared to its movement last week. There is a Bullish Confirmation Pattern in the 4-hour chart: The EMA 11 is above the EMA 56, and the RSI period 14 is above the level 50. It is possible that price would continue going further upwards.
