EUR/USD: Right now, the condition on this pair calls for caution. The week has been bearish, but the bulls have begun to show a great amount of strength, which poses a danger to the recent bearish outlook. One needs to wait in order to ascertain the next clear direction the market is about to take.
USD/CHF: The bias on the USD/CHF is towards the north, in spite of the weak retracement that is happening right now. This bearish retracement is not supposed to push the price below the support at 0.9400; otherwise the current northward bias would be in a serious jeopardy.
GBP/USD: Again, the cable has rejected the southward threats being directed at it, and it is now determined to go further northwards. It is worth noting that this fact is strengthened as the buyers have constantly rejected the bearish pulls from the sellers. The next price target could be the distribution zone at 1.5350.
USD/JPY: This pair is moving in an indecisive manner. The dominant trend is bullish but there is a great barrier to further bullish interest (the barrier is at 100.00). Whereas, the price is not supposed to go below the demand line at 98.50 – for this current bullish bias not to be in jeopardy.
EUR/JPY: Looking into the recent past, the major outlook on this cross is bullish, but this week has been something else. The market experienced some massive sell-offs in the beginning of this week, and some of the losses have been recovered. Yet the price has not gone significantly upwards since then. But I would still prefer long trades.
The material has been provided by InstaForex Company – www.instaforex.com
EUR/USD: Right now, the condition on this pair calls for caution. The week has been bearish, but the bulls have begun to show a great amount of strength, which poses a danger to the recent bearish outlook. One needs to wait in order to ascertain the next clear direction the market is about to take.
USD/CHF: The bias on the USD/CHF is towards the north, in spite of the weak retracement that is happening right now. This bearish retracement is not supposed to push the price below the support at 0.9400; otherwise the current northward bias would be in a serious jeopardy.
GBP/USD: Again, the cable has rejected the southward threats being directed at it, and it is now determined to go further northwards. It is worth noting that this fact is strengthened as the buyers have constantly rejected the bearish pulls from the sellers. The next price target could be the distribution zone at 1.5350.
USD/JPY: This pair is moving in an indecisive manner. The dominant trend is bullish but there is a great barrier to further bullish interest (the barrier is at 100.00). Whereas, the price is not supposed to go below the demand line at 98.50 – for this current bullish bias not to be in jeopardy.
EUR/JPY: Looking into the recent past, the major outlook on this cross is bullish, but this week has been something else. The market experienced some massive sell-offs in the beginning of this week, and some of the losses have been recovered. Yet the price has not gone significantly upwards since then. But I would still prefer long trades.
The material has been provided by InstaForex Company – www.instaforex.com
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