On Monday, currency bulls extended the last week’s rebound and climbed to the first important Fibonacci retracement. Despite this improvement, the following sessions didn’t confirm their strength. Does this mean that bears will take control again on the trading floor in the coming days?

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The beginning of the week was quite difficult for the bulls, because USD/JPY dived once again and closed the day below 112. Nevertheless, thanks to the yesterday's decline the currency pair reached some important supports. Can they change the fate of currency bulls in the coming days?

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The start of the week surprised currency bulls as GBP/USD dived below 1.3100 earlier today. Although they managed to erase almost entire decline, there are some bearish factor on the horizon that can stop them in the very near future.

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Yesterday’s session took EUR/USD above the upper line of the short-term declining trend channel. Earlier today, currency bulls went even higher, breaking above the upper line of the consolidation. But is everything as positive as it might seem at the first glance?

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A combination of two Fibonacci retracements, August peaks and interesting reading of the RSI was enough for the bears to come out of hiding and stop their opponents once again. Will we see lower values of USD/CHF in the coming days?

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