EUR/USD: The EUR/USD has managed to stay in the bullish zone, in spite of its recent turbulence. Last week was characterized by serious tussle between the bull and the bear, yet the price did not go below the support line of 1.3000. This support line would hold and the price could re-test the resistance line at 1.3200 this week.
USD/CHF: This pair is making serious attempts to go northwards, but there are some factors limiting these attempts. One thing is that, the pair cannot go seriously upwards while the EUR/USD is still in a clear bullish mode. For the bullish attempts on this pair to make sense, it would need to, at least, touch the resistance level of 0.9400.
GBP/USD: The cable is extremely volatile and it would be sensible to stay away from the market until it begins to move in a predictable manner. However, it is more probable that bears would end up being victorious, for the indicators on the chart are giving slight bearish prognostication.
USD/JPY: The instrument moved upwards in a bullish mode last week, and would likely continue to do so this week. Nevertheless, the price is approaching the significant supply level of 100.00, and would find it very difficult to break it to the upside. Should the price breach that great level to the upside, it would be highly noteworthy because the last time the price was above it was in 2009.
EUR/JPY: On this market, the price zone of 130.00 is under siege. With the extant northward determination on this cross, it is much possible that the price would break that zone to the upside. Should this happen, the next price target would be the supply zone at 131.00.
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The material has been provided by InstaForex Company – www.instaforex.com
EUR/USD: The EUR/USD has managed to stay in the bullish zone, in spite of its recent turbulence. Last week was characterized by serious tussle between the bull and the bear, yet the price did not go below the support line of 1.3000. This support line would hold and the price could re-test the resistance line at 1.3200 this week.
USD/CHF: This pair is making serious attempts to go northwards, but there are some factors limiting these attempts. One thing is that, the pair cannot go seriously upwards while the EUR/USD is still in a clear bullish mode. For the bullish attempts on this pair to make sense, it would need to, at least, touch the resistance level of 0.9400.
GBP/USD: The cable is extremely volatile and it would be sensible to stay away from the market until it begins to move in a predictable manner. However, it is more probable that bears would end up being victorious, for the indicators on the chart are giving slight bearish prognostication.
USD/JPY: The instrument moved upwards in a bullish mode last week, and would likely continue to do so this week. Nevertheless, the price is approaching the significant supply level of 100.00, and would find it very difficult to break it to the upside. Should the price breach that great level to the upside, it would be highly noteworthy because the last time the price was above it was in 2009.
EUR/JPY: On this market, the price zone of 130.00 is under siege. With the extant northward determination on this cross, it is much possible that the price would break that zone to the upside. Should this happen, the next price target would be the supply zone at 131.00.
The material has been provided by InstaForex Company – www.instaforex.com
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