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EURUSD Further Jumping is Expected

By DailyForex.com

By: Investija

EURUSD Technical analysis


EURUSD new support and resistance levels are formed, it looks like wide trading range is formed between these two barriers. While candles remain in this area, further jumping is expected. For now, while support holds, bulls are in better shape.

 TrendSupportResistance
Long TermPositive1.48321.4938


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GBPUSD Technical analysis



Low movements, boring situation, however bears are still in control. Short term selling options are on a table but it should be done with a care because of support importance. While resistance is not broken, bulls are in danger.

 


TrendSupportResistance
Long TermNegative1.64721.6668

 

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USDCHF Technical analysis



USDCHF has formed wide trading range between support and resistance levels, while this pair is trapped in this area, up and down movements are expected. Stronger bearish movements can occur below support level.

TrendSupportResistance
Long TermNeutral1.00781.0201


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USDJPY Technical analysis



USDJPY- Finally bears slided sharply downside, these are the first signs of negative trend becoming strongly negative. At the moment, selling options below support level are better to look for.

TrendSupportResistance
Long TermNegative88.6889.46


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