Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: bearish 'Flag' pattern
There's a local 'V-Top' pattern, so the price is declining. The main intraday target is the nearest support at 1.1616 - 1.1599. A pullback from this area could be a departure point for an upward price movement towards the next resistance at 1.1652 - 1.1675.
The market is consolidating along the Moving Averages. Also, there's a bearish 'Flag' pattern, so the price is likely going to reach the closest support at 1.1623 - 1.1599 in the coming hours. If a pullback from this area happens little later on, there'll be a moment to have another bullish rally.
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.