Last week we had a consolidation in most pairs since it was closing of the month and market had many corporate flows. Nonetheless EUR has managed to rise against most crosses indicating a further rise
EURUSD: The pair is in a buy mode. It is struggling to break 1.30 . Nonethe less my system shows that next week it will rise further . Still 1.35 is my target
EURJPY: This pair continues to be in a strong uptrend getting favoured by the rise in euro and the weakening in the yen .The pair fall early week only to recoup its losses and rise further. 107 target has been reached and now it is eyeing the 110 level
EURAUD: The pair changed trend last week and now is in a buy mode. However we may see a small retracement before it can climb further
EURCHF: The pair is in the dark bear zone. Strong down (again after a small break of a couple of months the indicators have turned red again)
USDCHF: As I have already mentioned this pair is the alter ego of EURUSD. As a result since EURUSD is rising this pair is falling . first target 92.10. If this level breaks we will see a sharp decline to 90.60 area
GBPUSD: This pair is still in a downtrend but with not any momentum left at the moment. Tried to break higher last week but it did not suceed . As a result i expect it to resume its downtrend this week with a target 1.5850
USDJPY: The pair fall last week affected by some profit taking . It has tried twice to break 83 level but not succed. I expect to see a break of that level this week. If not then uptrend will mean that has been exausted for the time being and we will have a sharp decline to 80.80
AUDUSD: Although this pair has finally gave a buy signal at the beginning of last week it hasnt managed to established a strong uptrend. It is still consolidating in 1.04 -1.05 area . In the beginning of the week we may see a furtehr decline to 1.0380 before it resumes a strong uptrend to 1.07
EURUSD: The pair is in a buy mode. It is struggling to break 1.30 . Nonethe less my system shows that next week it will rise further . Still 1.35 is my target
EURJPY: This pair continues to be in a strong uptrend getting favoured by the rise in euro and the weakening in the yen .The pair fall early week only to recoup its losses and rise further. 107 target has been reached and now it is eyeing the 110 level
EURAUD: The pair changed trend last week and now is in a buy mode. However we may see a small retracement before it can climb further
EURCHF: The pair is in the dark bear zone. Strong down (again after a small break of a couple of months the indicators have turned red again)
USDCHF: As I have already mentioned this pair is the alter ego of EURUSD. As a result since EURUSD is rising this pair is falling . first target 92.10. If this level breaks we will see a sharp decline to 90.60 area
GBPUSD: This pair is still in a downtrend but with not any momentum left at the moment. Tried to break higher last week but it did not suceed . As a result i expect it to resume its downtrend this week with a target 1.5850
USDJPY: The pair fall last week affected by some profit taking . It has tried twice to break 83 level but not succed. I expect to see a break of that level this week. If not then uptrend will mean that has been exausted for the time being and we will have a sharp decline to 80.80
AUDUSD: Although this pair has finally gave a buy signal at the beginning of last week it hasnt managed to established a strong uptrend. It is still consolidating in 1.04 -1.05 area . In the beginning of the week we may see a furtehr decline to 1.0380 before it resumes a strong uptrend to 1.07
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