Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 144 Moving Average acted as resistance
The 144 Moving Average has acted as resistance, so we've got a bearish 'Engulfing', which hasn't been confirmed yet. So, the price is likely going to test the nearest resistance at 1.1593, which could be a starting point for another decline.
There's a bearish 'Tower', which has been confirmed by the last 'Three Methods' pattern. So, the pair is likely going to test the 144 Moving Average in the coming hours. A pullback from this line could lead to another decline.
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.