Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: bearish 'Flag'
The main trend is bearish. It's likely that the pair is going to test the next support at 1.2003 - 1.1975 in the coming hours. A pullback from this area could be a starting point for an upward correction towards the nearest resistance at 1.2017 - 1.2027.
The market is consolidating between the levels 1.2003 - 1.1975. Also, there's a bearish 'Flag', so the price is likely going to achieve another support at 1.1941 - 1.1914. If a pullback from these levels happens little later on, there'll be time for a bullish correction.
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.