Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: bearish 'Three Methods' pattern
There's a bearish 'Three Methods', so the price is declining. Also, we've got no any reversal pattern so far, which means the pair is going to test the nearest support at 1.1484 shortly. A pullback from this level could be a starting point for an upward correction.
The pair has been declining since a pullback from the upper 'Window' happened. At the same time, it's likely to have an upward correction in the coming hours. Even so, we should keep an eye on the next support at 1.1484 as an intraday target.
Galya Svetlova
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