EUR/USD: The EUR/USD went downwards on Monday, continuing the bearish movement that was started last week. There is a Bearish Confirmation Pattern in the market, and further bearish movement is envisaged as price goes toward the support lines at 1.0550, 1.0500 and 1.0450 within the next few trading days.
USD/CHF: The near-term bullish signal on this pair was established as price went above the great psychological level at 1.0000. Price is also above another support line at 1.0050, going toward the resistance line at 1.0100. This could be a beginning of a serious bullish journey that would hold out till the end of the month.
GBP/USD: This currency trading instrument is still in an equilibrium phase, which it started last week. But a rise in a bearish movement is very likely and it may happen any day. There would also be a bearish movement on some other GBP pairs as well. Long trades should not be held for a long time in this market.
USD/JPY: There is a precarious bullish signal on the USD/JPY (which was started last week). Price is currently above the demand level at 113.50, and it may even retrace further toward the demand level at 113.00. As long as price does not retrace toward the demand level at 112.00, the bullish signal would be in place. Further upwards movement (which is expected anytime soon), would reinforce the existing bullish effort.
EUR/JPY: The bias on the EUR/JPY is bearish. Bulls attempted to push price upwards yesterday, but their effort was aborted as price showed further weakness in February 13. There is a bearish signal in the market, and price could go further south, although this may soon be overturned by the expected bullish movement on JPY pairs.
