EUR/USD: There is a Bearish Confirmation Pattern in the EUR/USD 4-hour chart, and the bias is bearish. However, price has been trying to make some bullish effort this week, which translates into a rally in the context of a downtrend. This is a kind of scenario that enables bears to go short again at better prices.
USD/CHF: The USD/CHF is still in a bullish mode. Price is supposed to continue going upwards this week, reaching the resistance levels at 1.0300 and 1.0350. There is a Bullish Confirmation Pattern in the 4-hour chart. The bullish outlook would be valid as long as price does not go below the support levels at 1.0050 and 1.0000.
GBP/USD: The Cable is currently a bear market in the short and long-term. The EMA 11 is below the EMA 56 and the RSI period 14 is below the level 50. In the last few days, price has been moving sideways, but further bearish movement is expected before the end of this month.
USD/JPY: This market has not done much this week. The general outlook on the market is bullish, and there are possibilities that the supply levels at 118.00, 118.50 and 119.00 would be tested before the end of this year. Bearish corrections in this market should be taken as opportunities to go long.
EUR/JPY: The EUR/JPY cross is a trendless market in the near time. Price has consolidated so far this week, but a rise in momentum will happen before the end of the year, which would be a surprise. A closer look at the market reveals some bullish attempts. The expected direction in the market is bullish when momentum does arise.
