EUR/USD: This is a weak market and the recent bullish attempt in it was being thwarted by bearish effort. The price is currently below the resistance line at 1.1550 and it may reach the support line at 1.1500.

USD/CHF: The outlook on this special market remains unchanged. When the USD/CHF pair dropped like a stone last week, the EUR/USD pair ought to spike skywards, since they are negatively correlated in a normal condition. The latter was not affected, and both pairs cannot remain bearish for a long time (and the USD is strong in its own right). USD/CHF would, therefore, move upwards by at least, 500 pips this week.

GBP/USD: In spite of some obvious efforts by bulls to push the price upwards, the USD is still able to prove it is stronger than the GBP. While the GBP is rising somewhere else, it is falling against the USD and it may reach the accumulation territory at 1.5050.

USD/JPY: Since it tested the demand level at 116.00, the USD/JPY pair has moved upwards by over 250 pips, trading above the demand level at 118.50. The price is expected to keep on going upwards, closing above the supply level at 119.50. This view is supported by the Bullish Confirmation Pattern on the chart.

EUR/JPY: Like a few other JPY pairs, the EUR/JPY cross is trying to move upwards. The market has moved upwards this week by more than 200 pips; yet the long-term outlook is bearish. While the price is above the EMA 11, it is still below the EMA 56. Although the RSI period 14 is above the level 50, things will not really turn bullish until the price crosses the supply zone at 138.50 to the upside.