By: Investija
EURUSD Technical analysis
EURUSD bulls did manage to stay above resistance level, however low trading range has formed. This action provides first signs of bulls lack of confidence. Trend is not established yet. Waiting action continues with possible buying opportunities, however more bouncing is expected above resistance barrier.
USDCAD Technical analysis
USDCAD pair is in consolidation near resistance level at 1.0396. A test of this barrier is possible today, if bulls won't manage to break this level, possible rebound back to support line. At the moment waiting action is better in order to confirm bulls activity.
EURJPY Technical analysis
EURJPY currency pair is moving upside within a channel, while this channel is valid, buying opportunities are on a table. Bulls are recovering their lost positions, long term trend remains positive. While bulls stay above support level at 131.74, bulls are in safe area.
USDJPY Technical analysis
USDJPY after sharp movement downside, bulls did manage to recover the price. However, bears are not surrending but neutral situation still is valid. At the moment waiting action is better to take and follow the market moves.
