EUR/USD: This pair has been making attempts to go upwards. Price is now above the support line at 1.0550, targeting the resistance lines at 1.0600, 1.0650 and 1.0700. Since the middle of last week, the pair has gone upwards by 240 pips, and that could just be the beginning.
USD/CHF: The pair has generated a "sell" signal in the middle of last week. However, the sell signal is valid only in the short term. The long-term sell signal can appear only when the psychological level at 1.0000 is breached to the downside. There can be bearish movements in the short-term and the current rally in the market is an indication of another short-term selling opportunity.
GBP/USD: The cable went down on Friday, and went further downwards on Monday. In fact, GBP pairs became weak across the board, while EUR/GBP goes up. There is a Bearish Confirmation Pattern on the 4-hour chart, and further downwards movement is possible.
USD/JPY: There is a 'sell' signal on this pair – as USD becomes weak. Price came down by 150 pips on Monday and it could come down further today, targeting the demand levels at 115.50, 115.00 and 114.50. There could be some rallies this week, but they could turn out to be opportunities to sell short.
EUR/JPY: This cross pair has been quite choppy and turbulent. Price has been going sideways for a long time, but lately things have gone really unpredictable. It may be wise to stay away from the market until there is a clear directional movement, which is expected to happen this week or next.
