EUR/USD: This pair has lost roughly 200 pips this week. Price is now below the resistance line at 1.1750, going towards the support line at 1.1700. There is a Bearish Confirmation Pattern in the 4-hour chart, and the price is expected to target additional support lines at 1.1650 and 1.1600 within the next few days.
USD/CHF: There is a bullish bias on the USD/CHF. The resistance level at 0.9750 has been tested and it could be tested again. Once the resistance level is breached to the upside, other resistance levels at 0.9800 and 0.9850 could be tested. However, a rally in the EUR/USD could cause the USD/CHF to plummet.
GBP/USD: The recent perpetual bearish correction has resulted in a "sell" signal in the market. The EMA 11 has essentially gone below the EMA 56, and the RSI period 14 has gone below the level 50. It is expected that the GBP/USD would continue to go downwards gradually or the bearish movement could even become exponential.
USD/JPY: This pair is bullish – the EMA 11 is above the EMA 56, and the RSI period 14 is above the level 50. As long as the Greenback is strong versus the Yen, further continual bullishness would be anticipated. Some fundamental figures would be released today and they could have an impact on the market.
EUR/JPY: The EUR/JPY went downwards early this week, and it has been going sideways since then. There is a clear Bearish Confirmation Pattern in the market, which means that when momentum returns, it would most probably favor bears. This assumption would be valid as long as EUR is weak versus JPY.
