The beginning of the month wasn’t good for currency bulls as the euro extended losses against the greenback. Thanks to the sellers’ attack EUR/USD slipped to the levels that we didn’t see since late December. Is the worst already behind the buyers?

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Since last Friday, GBP/USD wavers between small gains and losses around major short-term support area. Which side of the market has more arguments on its side?

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On Friday, the euro extended losses against the greenback, which resulted in a test of the January low. After that EUR/USD rebounded, signaling that the buyers are quite active in this area. But are they? What could happen if they fail at current levels?

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Recent days took the greenback above several resistances. Despite this improvement, something wrong happened with the buyers’ strength and the USD Index turned back to the south yesterday. One-day drop or something more? Will the current situation in our currency pairs give us the answer to this question?

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Yesterday, USD/CHF broke above December high, but is it enough to go higher? Where are currency bears and what can we expect in the coming days?

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