By: Investija
EURUSD Technical analysis
Although the market is bouncing back and forwards between two barriers, resistance and support, there is a possibility for bears to create a reverse trend point. Under support level, bears would feel better whereas danger zone is for bulls. For now, situation is silent, but narrow consolidation formed after steep upside movement can suggest a probable continuation of uptrend.
USDCHF Technical analysis
Low range trading is formed by support level, however it looks like today we can expect to see a test of resistance level. Buying options are better to take now.
USDJPY Technical analysis
No major movements has occurred today, further jumping is possible. While bears are keeping themselves under resistance, a downtrend slide is possible.
GBPUSD Technical analysis
This pair stays under support level, bears can extend current downside movement, but according to the trend, bulls are controlling the situation. While bulls are in control, look for possibilities to go long.
