EUR/USD: The bearish outlook on the EUR/USD is still valid. On Tuesday, there was some cut-throat struggle between the bear and the bull. The price is around the market line of 1.3050 and would soon go toward the support line at 1.3000.
USD/CHF: The outlook on this pair is just in the exact opposite manner to its EUR/USD rival. The trend is bullish – having risen by over 160 pips since the buy signal was generated early this month. The northward move is rather tardy, but it is valid. Being above the market level of 0.9300, the price is headed for the resistance level at 0.9350.
GBP/USD: This market is rather volatile, partly because of the confrontation between the bear and the bull. It should be mentioned that the bull, however, would lose this battle because the situation of things on the Cable does not favour the bull. It is expected that the price will break the accumulation territory at 1.5100 to the downside.
USD/JPY: Following the significant bearish run that occurred on Monday, the price of this pair moved in almost sideways but volatile manner on Tuesday. The major bias remains to the south, and the price could still go towards the demand level at 91.00. For this, more strength in the Yen is needed.
EUR/JPY: Just like the USD/JPY, this unique JPY cross has the tendency to continue trading downwards. Throughout Tuesday, the market was volatile in a sideways manner. The main thing is for the market to reach the demand zone at119.00, break it to the downside and go towards the demand zone at 118.50.