EURUSD
Dominant bias: Bearish
The dominant bias for this week is unchanged. The bearish trend in the market is now particularly strong, and could well continue that way for a while. Price may reach the support lines of 1.3500 and 1.3450 within the next few trading days but, meanwhile, there could be rallies in the context of the downtrend which may take price towards the resistance lines at 1.3550 and 1.3600 respectively. Those resistance lines, however, ought to act as a serious impediment to rallies aiming to invalidate the bearish bias.

USDCHF
Dominant bias: Bullish
In contrast to what EUR/USD is doing, this pair is in an uptrend. It is currently trading above the support level at 0.8950, and it should go further upwards following the current shallow retracement in the market. However, it is very unlikely that the great resistance level at 0.9000 will be breached to the upside, so bulls may want to take their profits at around that level. Price managing to breach the resistance level at 0.9000 and closing above it will indicate significant intent in the market and a continuation of the bullish bias.

GBPUSD
Dominant bias: Bullish
This currency pair has been able to maintain its recent bullish outlook in spite of its present inability to extend upwards in any significant way. The inability to move further upwards in a significant fashion has also resulted in a great risk of price sliding back down. In fact, any movement below the accumulation territory at 1.7050 would mean the bullish outlook has been rendered totally invalid. To avoid this, price needs to stay above that accumulation territory and, better still, move upwards again.

USDJPY
Dominant bias: Bearish
This market is still able to maintain its bearish bias as a result of strength in the Yen. The bearish outlook is expected to continue, though things may not be as significant as the situation on other JPY pairs. The demand level at 101.00 should, at least, be tested.

EURJPY
Dominant bias: Bearish
The weakness of this cross, brought about by weakness in the Euro plus strength in the Yen, has resulted in a clean Bearish Confirmation Pattern. Price is expected to continue downward, though the probabilities of transitory rallies and consolidations cannot be ruled out along the way.