EUR/USD: Based on the price action in the market, it is not currently rational to seek long trades here, though the market looks oversold. The support line at 1.0550 is the next target for bears, should the price moves further southwards. Because of a bank holiday in the US, there would not be any significant movement today.
USD/CHF: After testing the resistance level at 1.0200, this pair has succeeded in staying above it. The bullish bias is intact and it would hold out as long as the price is above the support level at 1.0150. Only a very strong selling pressure is needed to take the price below that support level, something that currently does not exist in the market.
GBP/USD: This week, the GBP/USD has gone down 120 pips so far, almost testing the accumulation territory at 1.5050. Since the selling pressure in the market still exists, there is a possibility that the accumulation territory would be breached to the downside, irrespective of the shallow upwards bounce in the market.
USD/JPY: The USD/JPY pair has formed a kind of a "sell" signal," There is a now a Bearish Confirmation Pattern on the chart as the price moves below the EMA 56 and the RSI period 14 moves below the level 50. The demand level at 122.00 could be tested easily.
EUR/JPY: The EUR/JPY pair briefly went below the demand zone at 130.00 before going above it again. The price is now below the supply zone at 130.50, while the overall bias remains bearish. In case the bearish journey continues, the demand zone at 130.00 could be tested again. It could even be breached to the downside.
For detail explanation and best discovery on daily market trends and news you may visit via Daily analysis of major pairs for November 26, 2015 . Thanks for your support.
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