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    Daily analysis of major pairs for April 3, 2015

    EUR/USD: The EUR/USD continued to make commendable bullish effort, which enabled the price to go above the support line at 1.0850. Further bullish strengthening can cause the price to go above the resistance lines at 1.0900 and 1.0950. The support lines at 1.0850 and 1.0900 should do a good job in checking any bearish plunge on the market.

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    USD/CHF: This pair is still weak and the weakness is currently increasing. The increase of the weakness has led to a renewal of the Bearish Confirmation Pattern on the market. The EMA 11 is below the EMA 56 and the Williams' % Range period 20 has sauntered into the oversold territory. The support level at 0.9550 may be easily breached to the downside.

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    GBP/USD: The cable is currently trading in a tight zone, which is located between the distribution territory at 1.4900 and the accumulation territory at 1.4750. There could be a serious breakout in this market today or next week (irrespective of bank holiday in some countries). We should note that the cable fell by 300 pips on December 31, 2014, which was a day when most banks were on holiday.

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    USD/JPY: This pair has only been consolidating so far and it would be ok to stay away from it until there is a clean directional movement. There is no clear signal now and we would wait for a breakout so that we can follow suit.

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    EUR/JPY: EUR/JPY is trying to make some bullish attempt. In fact, EUR pairs are mostly strong at the moment. A movement above the supply zones at 140.00 and 140.50 would lead to a confirmation of bullish efforts in the market.

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