EURUSD Forms Low Trading Range

By: Investija
EURUSD Technical analysis

EURUSD did form a low trading range between support and resistance, however bears once again did manage to breach out by support level. Further slide downside is expected, bears are controlling strongly the situation. At the moment negative trend is valid, but short term upswings are possible today.



USDCHF Technical analysis

USDCHF- Bulls did manage to break resistance level at 1.0420, consolidation is created above this barrier. Positive trend remains strong enough in order to extend further climbing towards new highs.



USDJPY Technical analysis

USDJPY- Even though bulls are trying to climb upside, they need need to break 90.70 price level in order to extend current positive movement. While current barrier stays active, bulls movement is limited.



GBPUSD Technical analysis

GBPUSD- Bears did manage to break a significant support level - 1.6180. In order for bulls to change situation, they need to reach at least to the 1.6397 price level. However, at the moment long term negative trend is valid and bears have strong potential to drag downside this currency pair.