EUR/USD: The situation in the EUR/USD pair requires some tact at present. The movement in the market have been transitory and unreliable, but the price is very likely to go upwards reaching the resistance line at 1.0950. This expectation would make sense as long as the price is unable to go below the support line of 1.0800.
USD/CHF: It is still possible that this currency pair would go further upwards. The EMA 11 is above the EMA 56, while the Williams' % Range period 20 is in the overbought region. Unless the CHF experience lots of stamina, the USD/CHF pair could be seen making further bullish efforts from here. There is a resistance level at 1.0100, which has been tested and could be retested.
GBP/USD: Long trades are not recommended in this market, unless the price goes upwards by at least, 300 pips. This is the only action that could harbinger the start of a new bullish bias; otherwise, rallies ought to be seen as good chances to go short, because the outlook for the market is bearish.
USD/JPY: The USD/JPY pair has consolidated so far this week. The consolidation is taking place in the context of a downtrend, and when a breakout occurs, it is more likely to be in favor of bears. This expectation would be rational as long as the price does not go above the supply level of 119.50.
EUR/JPY: This cross consolidated yesterday in the context of an extant bearish outlook. The Bearish Confirmation Pattern in the market is valid, and the price could test the demand zone around 127.00, on condition that there is no upward movement of about 300 pips.
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