EUR/USD: There is already a Bearish Confirmation Pattern seen in the EUR/USD chart, albeit the price made a faint effort to rally on Monday. The market went upwards by a mere 40 pips, rising from the support line of 1.0800. The current bearish pattern would be logical as long as the price does not go above the resistance line of 1.0950 (which is an adamant barrier to the bulls). An outlook for the EUR (plus other EUR pairs) is bearish for this week, and thus, the price could eventually trade lower.

USD/CHF: There is still a lot of trading activities around the level of 1.0150, which is an important level. There is a high possibility that the price would be trading above that level this week, in order to continue its bullish journey which was started last week. Today's outlook for the US dollar is bright and this might help the pair to move further northwards.

GBP/USD: As long as the distribution territories of 1.4550 and 1.4600 are not breached to the upside, long trades will not be sensitive to the cable. The current shallow rally in the market could turn out to be a good opportunity to sell short. The price is likely to test the accumulation territories around 1.4150 and 1.4000, which were also tested last week.

USD/JPY: This pair merely moved sideways yesterday, though a closer look at the chart shows that the price is likely to trend further upwards this week. This poses a threat to an extant bearish outlook, which will eventually be rendered invalid when the supply level at 119.00 is overcome. The outlook for USD is bright and therefore the USD/JPY pair might continue moving upwards.

EUR/JPY: The EUR/JPY pair consolidated on Monday. There are demand zones around 128.00 and 127.50. There are also supply zones of 129.00 and 130.00. The price would either break above the supply zones or break below the demand zones today or tomorrow, and this can result in a directional movement.