By: Investija
EURUSD Technical analysis
EURUSD bears didn't manage to enter below support zone, this action influenced bulls to step up and rebound occurred which is moving towards resistance level. Resistance level is important barrier for bulls, but positive power remains for bulls and a chance to break resistance is still valid.
USDCHF Technical analysis
Bears took action around resistance level, sharp candles initiated to extend negative trend further. However, despite these sharp candles – while support level holds, bulls chance to recover still exists. Even though bulls are not giving up, but getting more closer to support level, bulls are in danger.
USDJPY Technical analysis
Support level remains active and holds bears from further falling. While this level holds, a rebound back to resistance is possible. However, in overall this pair is in neutral zone and no direction is established yet
GBPUSD Technical analysis
This pair has extended it's positive movement towards resistance. However, at the moment candles are trying to break out from the channel which can lead to a reversal back to support. For now waiting is better option.
