EURUSD: In spite of all odds, EURUSD has been able to continue its bullish move. It is now trading above the support level of 1.3600. Generally, more fundamental figures are expected today, and they would cause further volatility in the markets. Going above the aforementioned support level, the price could end up reaching the resistance level of 1.3650.
USDCHF: This pair is more or less in a bearish territory, being unable to rise perpetually. The forecasted support line at 0.9000 has eventually been tested. It would thus be possible for the price to break the support line to the downside, especially when the current weakness in the market continues to hold out.
GBPUSD: The Cable is a bull market, and it would continue to be such. Since the beginning of September 2013, the price has gone upwards by almost 740 pips. There are now immediate accumulation territories at 1.6200 and 1.6100 respectively. These territories should serve as a check to southward threats.
USDJPY: The USDJPY pair has been so turbulent that one would need to use a wide stop, so as not to be stopped out prematurely. When too tight stops are used in a highly volatile market, the bulls and the bears tend to suffer, and not all of them are essentially wrong. The market is currently weak: short trades ought to be sought.
EURJPY: This currency instrument has been strongly rejecting recent bearish pulls on it. At the present, the price has closed above the EMA 56, and the RSI period 14 is now above the level of 50. The outlook has become bullish.
The material has been provided by InstaForex Company – www.instaforex.com
EURUSD: In spite of all odds, EURUSD has been able to continue its bullish move. It is now trading above the support level of 1.3600. Generally, more fundamental figures are expected today, and they would cause further volatility in the markets. Going above the aforementioned support level, the price could end up reaching the resistance level of 1.3650.
USDCHF: This pair is more or less in a bearish territory, being unable to rise perpetually. The forecasted support line at 0.9000 has eventually been tested. It would thus be possible for the price to break the support line to the downside, especially when the current weakness in the market continues to hold out.
GBPUSD: The Cable is a bull market, and it would continue to be such. Since the beginning of September 2013, the price has gone upwards by almost 740 pips. There are now immediate accumulation territories at 1.6200 and 1.6100 respectively. These territories should serve as a check to southward threats.
USDJPY: The USDJPY pair has been so turbulent that one would need to use a wide stop, so as not to be stopped out prematurely. When too tight stops are used in a highly volatile market, the bulls and the bears tend to suffer, and not all of them are essentially wrong. The market is currently weak: short trades ought to be sought.
EURJPY: This currency instrument has been strongly rejecting recent bearish pulls on it. At the present, the price has closed above the EMA 56, and the RSI period 14 is now above the level of 50. The outlook has become bullish.
The material has been provided by InstaForex Company – www.instaforex.com
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