Supports at 1.5756 and 1.5743 should hold the downward correction . After which a big upmove could occur . Stop loss below 1.5743 limit. Update 27 May
There is bearish potential for a fall to 1.5643 or 1.5595 while 1.5755 - 1.5779 resist. After this fall a recovery up to 1.5755 or 1.5779 is expected. Update 28 May
Uptrend is still intact in a triangle configuration. It should continue to rally to 104.5 or 105.01 if support around 103.94 hold. After which a pullback to 103.94 - 103.75 zone is possible.
Strength can extend to 105.00 or even higher than 105.37 as declines are expected to find support at 104.29 or 103.95. A fall below 103.21 could turn it bearish.
EUR-USD
It should see a sell off to below 1.5448 while 1.5556 area curtails its upside. A break beyond 1.5626 will abort the downside.
USD-CHF
Currently uptrend should end around 1.0575 - 1.0556 area. A correction down to below 1.0397 is expected. A rise above 1.0620 will abort the expected correction.
USD-JPY
While below 106.04 it is more likely to fall further towards 105.06 or 104.78. Premature rise above 106.04 could see it rising above 106.59 zone.
GBP-USD
It may attempt a test higher to 1.9793 - 1.9832 after which weakness may set it to a drift down to below 1.9686 limit.
EUR-CHF
Currently uptrend should end around 1.6319 - 1.6316 area. A correction down to below 1.624 is expected. A rise above 1.6346 will abort the expected correction.
EUR-JPY
The structure looks set for going up to 163.98 in a corrective set of moves from 163.28 zone. An unexpected fall below 162.84 would weaken this structure.
EUR-GBP
Market should not go lower than 0.7823. After this move down it should go up to 0.7848 - 0.7870 area.