EUR/USD: This is a bear market, and the bearish run might continue. Today, there are certain fundamental figures that would affect the USD; which in turn would affect the EURUSD. The price is now trading below the resistance line at 1.3550, and it may still reach the support line at 1.3500.
USD/CHF: This pair has been bullish, but it has also been having a great difficulty breaking the resistance level at 0.9000 to the upside. The resistance level – which is a great psychological area, has been besieged by the bulls, as they keep on battering the resistance level. Eventually, the resistance level may give way, and the price would close above it.
GBP/USD: This market is proving difficult right now, with no directional movement that is protracted. Unless one is a scalper or an intraday trader, one may be having some difficulty trading the market. Swing traders may want to stay aside until there is a confirmed pattern either in direction of the bears or the direction of the bulls.
USD/JPY: The price on this currency trading instrument has gone down; resulting in a Bearish Confirmation Pattern in the chart. The price has closed below the EMA 56 and the RSI period 14 is below the level 50. Go short.
EUR/JPY: The EUR/JPY has gone beyond our target at 138.50. The price has tested the demand zone at 138.00. While there may be some fleeting upwards bounce in the market, the downtrend might continue. The demand zone that has been tested may be breached to the downside eventually.
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