Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 55 Moving Average acted as support
The 89 and 55 Moving Averages have acted as support, so there's a 'Three Methods' pattern. In this case, the pair is likely going to test the next resistance area.
There's still no any reversal pattern so far. However, if we have any bearish model in the coming hours, there'll be an opportunity to have a correction. Even so, bulls will probably try to reach the upper 'Window' afterwards.
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.