Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/GBP broke key support level 0.8900
- EUR/GBP broke key support level 0.8900
- Next sell target - 0.8850
EUR/GBP recently broke below the key support level 0.8900 (former resistance from the start of July, which was set as the sell target in our previous forecast for this currency pair). EUR/GBP is expected to fall further in the active minor correction (iv) toward the next sell target at the next support level 0.8850 (38.2% Fibonacci correction of the upward impulse from May).
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.