EUR/USD: The EUR/USD has gone down in the short-term, generating a short-term bearish signal. Price has gone down by more than 100 pips this week, now below the resistance line at 1.0700. The next target for bears is support line at 1.0650, which might even be breached to the downside.
USD/CHF: This currency trading instrument has not done anything significantly this week, save some kind of volatility, which is also not significant in itself. There are mixed signals in the market, but there would soon be a serious breakout this week or next. That is what would determine the next direction in the market.
GBP/USD: The GBP/USD has not done anything significant this week, save the brief pullback on February 7, which was quickly recovered. It may be OK to stay away from the market until there is a clean directional movement, which would most probably favor the bears. There could be temporary rallies here, but the market should drop seriously soon.
USD/JPY: This is a bear market, which has been unfolding within the last several weeks. The EMA 11 is below the EMA 56 and the RSI period 14 is below the level 50. Further decline is possible, but it is expected that JPY pairs would rally soon: the USD/JPY also included.
EUR/JPY: The EUR/JPY is in a strong bearish mode. Price has come down by 340 pips since January 30, 2017, and there is currently an attempt to breach the demand zone at 119.50, which would eventually be breached this week or next, as price targets another demand zones at 119.00 and 118.50.
