Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: all Moving Averages broken
All the Moving Averages have been broken, but there's a 'V-Top' pattern, which led to the current local correction. However, the pair is likely going to continue moving up towards the next resistance at 1.1699. If a pullback from this level happens next, there'll be time for a bearish correction.
There's a 'V-Bottom', which has been formed above the Moving Averages. So, the price is likely going to test the nearest resistance at 1.1679 - 1.1689. This area could be a starting point for a decline in the direction of the closest support at 1.1627 - 1.1610.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.