EUR/USD: After testing the resistance line at 1.1950, the EUR/USD has gone down by 110. There is still a Bullish Confirmation Pattern in the market (and there cannot be an overthrow of the bias until the support line at 1.1750 is breached to the downside). In case price turns upwards again from here, that would be a great opportunity to buy at a better price.
USD/CHF: This pair has rallied by 50 pips this week; in the context of a downtrend. A movement above the resistance level at 0.9900 would create a new bullish bias; while serious downwards from here would help strengthen the recent bearish outlook on the market. One of these two things would be fulfilled before the end of this week.
GBP/USD: The GBP/USD experienced maniacal price movements on Tuesday, but that has done little to change the ongoing bias in the market. The EMA 11 is above the EMA 56, and the RSI period 14 is above the level 50. It is thus expected that price would continue moving upwards, going beyond the distribution territory at 1.3400.
USD/JPY: This currency trading instrument is yet to make a significant movement this week. There is a Bearish Confirmation Pattern in the market, and it is possible that the demand level at 111.00 would be tested again. However, a rally is expected before the end of this week.
EUR/JPY: The EUR/JPY has dropped by 100 pips this week, and that has created a short-term bearish signal (as price moved below the supply zone at 132.00). It is possible that the demand zones at 131.50 and 131.00 would be tested soon. However, a rally from here would render the bearish signal invalid.