EUR/USD: This pair was quiet on Monday, and there may not be a serious movement in the market this week owing to poor trading activity, but we could see surprising movements in some EUR pairs (like EURNZD, EURAUD and EURCAD). As for the EUR/USD pair, there is a likelihood that the resistance lines at 1.0950 and 1.0000 would be reached within the next several trading days.
USD/CHF: This market merely moved sideways on Monday, with no significant journey to the upside or to the downside. There could be some movement in the market this week, but nothing extraordinary is expected. However, momentum is likely to return to the market during the first week of January 2016.
GBP/USD: The GBP/USD pair moved slightly downwards on Monday proving that the rally we saw last week was merely an upward bounce in the context of a downtrend. Further bearish movements are expected this week and next week (as it is also forecasted for other GBP pairs); therefore accumulation territories around 1.4850 and 1.4800 would be tested.
USD/JPY: The USD/JPY pair has moved down by 110 pips, now it is trading below the supply level of 120.50 and going towards the demand level at 120.00. There is a very strong Bearish Confirmation Pattern in the chart; plus the price is likely to go further south when momentum returns to the market.
EUR/JPY: An upwards bounce we witnessed last week proved to be an opportunity to go short. The price came down after that, plus the demand zone at 131.50 is the next target, which might be breached to the downside soon.
