EUR/USD is still in a down trend, with major resistances at: 1.14300, 1.14745, and 1.15320.
It has managed to break EMA-50 on Friday, but so far there are no clear signs of a trend reversal. If it continues to fall under EMA-50, this is a sign of the continuation of a strong . We will go short on EUR/USD if that happens.
Strong support is at: 1.13000, if this is broken down, then it’s a strong (200 – 500 pips)
GBP/USD is also still , with major resistances at: 1.29010, 1.30260, and 1.30790
The pair failed to break EMA-50, and hence, it’s so far still . If it continues to fall below EMA-50, this is a clear sign of continuation of the . We will only go short on cable as it continues .
Short targets: 1.27310, and 1.27000, and 1.26660.
AUD/USD & NZD/USD
Although both AUD/USD & NZD/USD are still , they had very strong pushes on Friday towards EMA-200 and above. Still, both pairs took a break at EMA-200. If they continue to fall back under EMA-50, this is a sign of the continuation of the . We will only go short if that happens.
USD/CHF & USD/CAD
Both USD/CHF & USD/CAD are still despite testing EMA-50 and EMA-200 respectively. I expect both pairs (especially CAD to recover and continue ). If that happens we will only go long in both pairs. No shorts till a complete reversal of the trend is detected.