Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 34 Moving Average acted as support
The 34 Moving Average acted as support, so there's a bullish 'Hammer' pattern, which has been confirmed. At the same time, we've got a 'Shooting Star', so the market is likely going to test the Moving Averages soon. If a pullback from these lines happens next, bulls will probably try to reach the nearest resistance at 1.1836.
There's a 'Shooting Star', which has been formed on the upper 'Window'. So, after a short break, the pair is likely going to test the closest support at 1.1739. A pullback from this level could be a starting point for an upward price movement in the direction of the next resistance at 1.1836.
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.